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UPSC PRELIMINARY MOCK TEST 120
Question 91 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Disinflation: When the overall price level decreases so that inflation rate becomes negative. | |
Deflation: This is a fall in the inflation rate. It means that the general price level is increasing at a slower rate. | |
Both A and B | |
Neither A nor B |
When the overall price level decreases so that inflation rate becomes negative, it is called deflation. It is the opposite of the often-encountered inflation.
Question 92 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
1 only | |
2 Only | |
Both 1 and 2 | |
Neither 1 nor 2 |
Previous year question "
Question 93 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Persistent Organic Pollutants | |
Hazardous Wastes and their Disposal | |
Hazardous Chemicals and Pesticides | |
Ozone Depletion |
Question 94 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
Rome | |
Melbourne | |
Rio de Janeiro | |
Paris |
The UN Educational, Scientific, and Cultural Organization (Unesco) has named the Brazilian city of Rio de Janeiro as the World Capital of Architecture for 2020.
Having defeated Paris and Melbourne, Rio will be the first city to receive the title under a programme launched together by Unesco and the International Union of Architects (UIA) in November 2018
Source "
Question 95 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER] |
- It is one of the important principles of GATT agreement conceived by WTO.
- If any country grants one country a special favour such as lower customs duty
1 only | |
2 only | |
Both | |
None |
Under the World Trade Organisation (WTO) agreements, countries cannot normally discriminate between their trading partners. If any country grants one country a special favour such as a lower customs duty rate for one of their products the same would need to be extended to all other WTO members. This principle is known as most-favoured nation (MFN) treatment.
MFN is so important a principle that it is the first article of the General Agreement on Tariffs and Trade (GATT), which governs trade in goods. MFN is also a priority in the General Agreement on Trade in Services (GATS) and the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). Together, those three agreements cover all three main areas of trade handled by the WTO.
