Which of the following statement is correct?
Statement I The GATS is broadly categorised into two parts the national 'schedules' which list individual countrie's specific commitments on access to their domestic markets by foreign suppliers and the framework agreement that contains the rules and disciplines.
Statement II The commitments as per GATS must be applied on the basis of non-discrimination.
Statement III GATS also give full liberty to the members to choose which services to commit for opening up.
A. All statements are correct
B. All statements are incorrect
C. Both I and II are correct
D. Both II and III are correct
Answer: Option A
Related Questions on Foreign Trade Policy
A. Importing
B. Exporting
C. Franchising
D. Joint Ventur
Foreign trade helps each country to make . . . . . . . . use of its natural resources.
A. optimal
B. loss
C. better
D. none of these
The effects of foreign trade on the domestic economy maybe at
A. Micro level
B. Macro level
C. Both A and B
D. Neither A nor B
A. Chief controller of Imports and Exports
B. Director General of Foreign Trade
C. Director General of Commercial Intelligence
D. Chief Controller of Foreign Trade
Join The Discussion