| Direction: Study the following passage carefully and answer the questions given below: |
| A major reason for the formation of the Agreement on Agriculture was the need to reduce excessive surplus production in agricultural sector in the global commodity markets during the 1980's and early 1990's. This was caused by the rising levels of support and protection in a number of developed countries as some of the largest agricultural exporters competed on the basis of their government's propensity to subsidized production and exports of agriculture while limiting access to the local producers and their markets. The AOA was established to keep out foreign agricultural products to influence the domestic markets. |
A) Counter the surplus production in agricultural sector
B) Conversion of all non tariff barriers into tariff barriers
C) Establish a fair and market oriented trading system
D) a and c
Correct Answer: A
Solution :
(a)| 1. Abduction reasoning |
| 2. Inference |
| 3. Related Object Analogies |
| A major reason for the formation of the Agreement on Agricultural was the need to reduce excessive surplus production in agricultural sector in the global commodity markets. |
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