At the 2013 Bali Ministerial Conference, much of the focus was on a proposal to shield public stockholding programs for food security in developing countries, so that they would not be challenged legally even if a country's agreed limits for trade-distorting domestic support were breached. This is linked with administered price. Farming nations wanted it to be linked with 'green box' subsidies. This interim solution is called as:
A. Peace Clause
B. Green box clause
C. Amber box clause
D. Blue box clause
Answer: Option A
Which of the legislation do not from part of the legal environment of business in India?
A. The Drugs and Cosmetics Act, 1940
B. The prevention of Food Adulteration Act, 1954
C. The Monopolies and Restrictive Trade Practices Act, 1969
D. Both B and C
Consider the following statements. Which of these statements is/are true?
A. Socialism is compatible with democracy and liberty, whereas Communism involves creating an 'equal society' through an authoritarian state
B. Totalitarianism is a form of government which involves complete submission of people to the government. The State recognizes no limits to its authority and strives to control every aspect of public and private life wherever feasible
C. India differed from core socialism as it went for a mixed economy rather than complete government control
D. All of the above statements are true
"Repo Rate" refers to the rate at which
A. RBI borrows short-term money from the market
B. Banks keeps the money with RBI
C. Banks take money from RBI after offering some securities
D. Forex is purchased by RBI
A. Preferential Trade Area
B. Custom Unions
C. Economic Union
D. Common Market

Join The Discussion