Match the items of List - II with the items of List - I relating to liberalisation of agricultural…
Under WTO agricultural and subsidy agreements, Tariffication (a) is the replacement of existing non-tariff restrictions with equivalent customs tariffs (iii); Prohibited…
Choose your answer
Match the items of List - II with the items of List - I relating to liberalisation of agricultural trade.
| List-I | List-II |
|---|---|
| (a) Tariffication | (i) They have demonstrably adverse effects on other member countries. |
| (b) Prohibited subsidies | (ii) They act on goods which are contingent upon export performance. |
| (c) Actionable subsidies | (iii) Replacement of existing non-tariff restrictions. |
| (d) Non-actionable subsidies | (iv) For industrial research in disadvantaged regions. |
Answer and explanation
Correct answer C
Under WTO agricultural and subsidy agreements, Tariffication (a) is the replacement of existing non-tariff restrictions with equivalent customs tariffs (iii); Prohibited subsidies (b) are those contingent upon export performance or domestic content (ii); Actionable subsidies (c) are those that cause demonstrably adverse effects on other member countries (i); and Non-actionable subsidies (d) include permitted assistance for industrial research or disadvantaged regions (iv).
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UGC NET Commerce