Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
India’s Role in WTO
As a WTO member, India has been advocating the interests of:
- Only developed countries
- The developing world — Correct Answer
- Only India
- Only agricultural countries
Explanation:
Correct Answer Explanation
India has been in the forefront of framing fair global rules and advocating the interests of the developing world.
Key Points:
- India has kept commitments by removing quantitative restrictions and reducing tariff rates.
- Some scholars question WTO's usefulness as most trade occurs among developed nations.
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This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
