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Daily Questions Challenge for IAS PRE (CSAT) Exam (02 March 2016)

Write and Discuss Your Answer with Q.No in Comment Box at the Bottom of Post.

1. Consider the following statements.

1) Highest level decision making body of the WTO is the ministrial conference.
2) A trade facilitation agreement known as the Bali Package was reached by all members in 2013, the first comprehensive agreement in the organization's history

Which of the above statements is / are true.

(a) 1 only
(b) 2 only
(c) Both 1 & 2
(d) Neither 1 nor 2

2. Consider the following statements about Geographical Indications (GIs).

1) The geographical indications of good (Registration & protection) Act came into force in 2003.
2) Geographical indications Registry at Chennai.
3) GIs prevent spurious goods from entering the market.

Which of the above statements is / are true.

(a) 1 & 2
(b) 2 & 3
(c) 1 & 3
(d) All of the above.

3. Consider the following statements about Tax Information Exchange Agreement (TIE).

1) The purpose of this agreement is to promote international co-operation in tax matter through exchange of information.
2) It was developed by the U.N.
3) TIE agreements are a legal instrument that could be used to establish effective exchange of information.

Which of the above statements is / are true.

(a) 1 & 2
(b) 2 & 3
(c) 1 & 3
(d) All of the above

4. Consider the following statements about holding company.

1) It usually refers to a company which does not produce goods or services itself.
2) Its purpose is to own shares of other companies.
3) RBI appointed a panel headed by K.C. Chakrobarty on Holding Company issue.