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Q:

Read the passage carefully and select the best answer to each question out of the given four alternatives.

 

The conclusion of World Trade Organization’s 11th biennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss as status quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators to reach even one substantive outcome suggests that WTO’s efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of trade through consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in India’s best interest.

 

Perhaps the biggest threat to WTO’s efficacy today is the attitude of the US. The world’s largest economy appears to have lost faith in the organisation and has begun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half of all cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of trade obstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock at WTO.

 

India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers to beneficiaries will be in sync with what developed countries do. But it’s important for India to enhance its efforts to reinvigorate WTO. In this context, India’s plan to organise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of a diverse set of nations. Therefore, India should be at the forefront of moves to fortify it.

 

Which of the following is the most successful segments of the WTO mentioned in the passage?

 

A) Dispute redressal mechanism B) Intellectual Property Rights
C) Reviewer of government’s trade policies. D) Agreement on trade in services.
 
Answer & Explanation Answer: A) Dispute redressal mechanism

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Q:

Read the passage carefully and select the best answer to each question out of the given four alternatives.

 

The conclusion of World Trade Organization’s 11th biennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss as status quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators to reach even one substantive outcome suggests that WTO’s efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of trade through consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in India’s best interest.

 

Perhaps the biggest threat to WTO’s efficacy today is the attitude of the US. The world’s largest economy appears to have lost faith in the organisation and has begun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half of all cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of trade obstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock at WTO.

 

India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers to beneficiaries will be in sync with what developed countries do. But it’s important for India to enhance its efforts to reinvigorate WTO. In this context, India’s plan to organise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of a diverse set of nations. Therefore, India should be at the forefront of moves to fortify it.

 

Which of the following nation is keen to fortify its interest on WTO platform?

 

A) USA B) Japan
C) Russia D) India
 
Answer & Explanation Answer: D) India

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Q:

Read the passage carefully and select the best answer to each question out of the given four alternatives.

 

The conclusion of World Trade Organization’s 11th biennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss as status quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators to reach even one substantive outcome suggests that WTO’s efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of trade through consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in India’s best interest.

 

Perhaps the biggest threat to WTO’s efficacy today is the attitude of the US. The world’s largest economy appears to have lost faith in the organisation and has begun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half of all cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of trade obstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock at WTO.

 

India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers to beneficiaries will be in sync with what developed countries do. But it’s important for India to enhance its efforts to reinvigorate WTO. In this context, India’s plan to organise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of a diverse set of nations. Therefore, India should be at the forefront of moves to fortify it.

 

What is the biggest threat to WTO’s efficacy today?

 

A) India being not working in its best interest. B) Lost of faith in WTO by US.
C) Negotiators of WTO are not decision takers. D) WTO’s lame attitude towards global trade.
 
Answer & Explanation Answer: B) Lost of faith in WTO by US.

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Q:

Read the passage carefully and select the best answer to each question out of the given four alternatives.

 

The conclusion of World Trade Organization’s 11th biennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss as status quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators to reach even one substantive outcome suggests that WTO’s efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of trade through consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in India’s best interest.

 

Perhaps the biggest threat to WTO’s efficacy today is the attitude of the US. The world’s largest economy appears to have lost faith in the organisation and has begun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half of all cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of trade obstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock at WTO.

 

India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers to beneficiaries will be in sync with what developed countries do. But it’s important for India to enhance its efforts to reinvigorate WTO. In this context, India’s plan to organise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of a diverse set of nations. Therefore, India should be at the forefront of moves to fortify it.

 

Why was the WTO’s 11th binennial ministerial conference worrisome?

 

A) Denial of states quo. B) Inability of negotiators to reach to substantive outcome for the problems.
C) Rift in the policies suggested by WTO on IPR. D) Non-cooperation from Indian government on various matters.
 
Answer & Explanation Answer: B) Inability of negotiators to reach to substantive outcome for the problems.

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P. Farmers could no longer pay their loans and some banks were closed down.
Q. Prices dropped due to increased supply, which was followed by a drought.
R. The country was well advanced in technology and farmers increased their production levels.
S. The Great Depression in America began with overproduction and low prices in the agricultural sector.

 

A) RQPS B) QPSR
C) PSRQ D) SRQP
 
Answer & Explanation Answer: D) SRQP

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: They feel that during their time, young boys and girls were better behaved, more obedient, and had greater respect for their elders.
Q: Young people on the other hand, feel that they are capable enough to learn on their own rather than lean heavily on the older generation for any guidance.
R: The people belonging to the older generation always wonder as to what has gone wrong with the new generation.
S: They feel that a lack of respect for the old will ruin and spell disaster for the young.

 

A) PRSQ B) SPQR
C) PRQS D) RPSQ
 
Answer & Explanation Answer: D) RPSQ

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: He wanted to do something to deliver the humanity from all such misery. He reflected on this problem for long.
Q: Siddhartha was greatly touched as he saw an old man, a sick man and a dead body.
R: At last on hearing some words from the mouth of a hermit which encouraged him to renounce the world, he decided to leave the palace and go into the forest for
meditation.
S: Before going, he had a lasting glance on his beloved wife Yashodhra and son, Rahul, who were enjoying a sound sleep at midnight.

 

A) PRSQ B) RPQS
C) PQRS D) QPRS
 
Answer & Explanation Answer: D) QPRS

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: All these ensure that the world we live in grows a new skin every few years.
Q: These influences do, of course, work on humankind but they have the greatest impact on that section of society which is on the threshold of discovery-discovery of the self, of life and of living.
R: The life and times of two generations cannot be identical or even similar, thanks to modern research, progress in science, faster and easier communications and even distasteful things like inflation and population explosion.
S: These changes in due course affect our thinking and influence our attitudes, expectations, behavioural patterns and values.

 

A) PSQR B) RPSQ
C) QSPR D) QPSR
 
Answer & Explanation Answer: B) RPSQ

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