Possible impact of WTO on various aspects of the Indian economy: (i) Quantitative restriction will be…
Imports of second-hand cars, dumping of Chinese goods and increased unemployment constitute the indicated combination of possible impacts. Import competition can displace…
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
Imports of second-hand cars, dumping of Chinese goods and increased unemployment constitute the indicated combination of possible impacts. Import competition can displace domestic output and jobs, whereas population growth is not a direct consequence of trade liberalisation.
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West Bengal SET (WB SET)