Current Affairs MCQ for UPSC Exams – 04 December 2015

Q1- Which among the following statements is correct regarding Special SafeguardMechanism (SSM)?

a) It is related to WTO
b) Is a trade remedy that would allow developing countries to temporarily hike import duties on farm products to counter sudden import surges and price falls.

1) A only
2) B only
3) A and B
4) Neither A nor B

Q2- Which of the following is correct regarding the GST bill of Union?

a) It is 122nd constitutional amendment bill
b) It provide compensation to states for any loss of revenue from the introduction of GST, up to a five year period.
c) It empowers states from where goods are originating to impose additional 1 percent tax.

A) a, b
B) b, c
C) c only
D) All

Q3- which of the following is correct regarding G 77?

a) It is body for correlation between developed and developing world
b) 2015 meeting is held in south Africa.
c) It has total membership of 77 members.

A) a, b
B) b, c
C) b only
D) c only

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