Possible impact of WTO on various aspects of the Indian economy : (i) Quantitative restriction will be…
Following the phasing out of Quantitative Restrictions (QRs) under WTO commitments, major challenges and impacts discussed for the Indian economy included (ii) import of…
Choose your answer
Possible impact of WTO on various aspects of the Indian economy :
(i) Quantitative restriction will be allowed.
(ii) Second hand cars will be imported.
(iii) There will be dumping of Chinese goods.
(iv) Increase in population.
(v) Child labour exploitation
(vi) Unemployment will increase Which combination is appropriate ?
Answer and explanation
Correct answer C
Following the phasing out of Quantitative Restrictions (QRs) under WTO commitments, major challenges and impacts discussed for the Indian economy included (ii) import of second-hand cars and consumer goods, (iii) dumping of cheap manufactured goods (such as Chinese imports), and (vi) threat of unemployment in vulnerable small-scale domestic industries. Thus, '(ii), (iii) & (vi)' is correct.
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UGC NET Commerce