The difference of the Government Minimum Support Price (MSP) and market price, which is paid directly to the farmers under W.T.O. is called
Asked in RO ARO 2020 · Topic: Trade Balance and Trade Deficit/Surplus (Policy Responses to Trade Imbalances: Fiscal, Monetary, and Trade Policies)
Show answer
Answer: C. Yellow box subsidies
More External Sector of Economy questions
- Amber Box is related to which of the following?
- The WTO basically promotes
- The World Trade Organization (WTO) formally approved which country's membership in December, 2015?
- India has signed a tripartite MoU with which countries for civil nuclear cooperation?
- Which of the following is *not* associated with NAFTA?
- Which country was invited by the host UAE as the 'Guest of Honour' to attend 46th Session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) held in Abu Dhabi recently?
- India recently resumed talks with EFTA countries for TEPA (Trade and Economic Partnership Agreement). Which of the following countries are members of EFTA (European Free Trade Association) association? A. Liechtenstein B. Norway C. Sweden D. Denmark E. Iceland
- Consider the following statements with reference to GATT agreement (General Agreement on Trade and Tariffs). GATT was established in 1948. Initially, the total number of members of GATT was 23 countries. In a way WTO is the successor of GATT. GATT administers all bilateral and multilateral Trade agreements. Which of the above statement/s is/are correct ?