SSC Economics Sample Paper NCERT Sample Paper-3

  • question_answer
    What is the current deadline to ratify the World Trade Organization (WTO)'s trade facilitation agreement (TFA)?

    A)  December 2015

    B)         March 2016

    C)  April 2016        

    D)  December 2016

    Correct Answer: A

    Solution :

    [a] The deadline to ratify the TFA is December 2015, after which it will come into force. According to WTO norms, for the TFA to come into force, two-thirds of the entire WTO membership must ratify the agreement. So far nine countries have ratified the deal. India has not ratified the TFA because India first wants a permanent solution to the issue of food security for public stockholding.

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