MCQOPTIONS
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| 1. |
Consider the following regarding India's MFN status(I) As per the MFN principle of the WTO General Agreement on Tariffs and Trade for which India is a signatory or contracting party, WTO said all members should treat others as MFN trading partners. MFN status was accorded to Pakistan in 1996 as per India's commitment to WTO.(II) Pakistan did not reciprocate citing non-tariff barriers and huge trade imbalance(III) India could consider making use of a 'security exception' clause - Article 21(b) (iii) - in the GATT to deny the MFN status to Pakistan or bring in certain trade restrictions.Which of the following is/are correct? |
| A. | I and II |
| B. | I, II and III |
| C. | II and II |
| D. | None of the above. |
| Answer» C. II and II | |