Economics · WTO & Foreign Trade Regulations
Consider the following possible outcomes/challenges of WTO commitments on the Indian economy: (i) Elimination of Quantitative Restrictions (QRs) on imports (ii) Increased import of second-hand cars (iii) Threat of dumping of cheap goods (iv) Control of domestic population growth (v) Eradication of child labor (vi) Potential short-term displacement of employment in sensitive sectors Which combination of statements correctly represents the trade-related impacts?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(i), (iv) and (v)
- 2(iii), (iv) and (v)
- 3(i), (ii) and (iii)✓
- 4(iv), (v) and (vi)
Correct answer
(i), (ii) and (iii)
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