Consider the following statements in the context of Trade Related Investment Measures (TRIMs).
1. All restrictions on foreign capital companies are to be scrapped
2. No restriction will be imposed on any area of investment
3. Imports of raw material are to be allowed freely
4. Emport of part of the output will be mandatory
Which of the above statements are correct?

Which one of the following is not the basic function of WTO?

Match List-I with List-II and select the correct answer:
List-I List-II
a. Fiscal policy 1. Mitigation of national hazards
b. Technology policy 2. Balance of payment
c. Macro-economic policy 3. Fiscal federalism
d. Monetary policy 4. Inflation

Which of the following statement/s is/are true in context of WTO?

Which of the following pairs of GATT rounds and the associated years are correctly matched?
1. First Round ⇔ 1948
2. Kennedy Round ⇔ 1964-67
3. Tokyo Round ⇔ 1973-79
Select the correct answer:

In computation of balance of payments, overall balance of paymems is equal to

Match List-I with List-II and select the correct answer:
List-I List-II
a. Industries Development Regulation Act 1. 1947
b. Import and Export Control Act 2. 1948
c. Foreign Exchange Management Act 3. 1951
d. Factories Act 4. 1999

Consider the following statements.
Assertion (A): The 'Balance of Payments' presents a classified record of all receipts on account of goods exported, services rendered and capital received by 'residents' and payments made by them on account of goods imported and services received from capital transferred to 'non-residents' or 'foreigners'.
Reason (R): The 'Balance of Payments' of a country is a systematic record of all economic transactions between the 'residents' of a country and the rest of the world.

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