The 'Doha Round' of WTO negotiations began in which year? MCQ with Answer and Explanation

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The 'Doha Round' of WTO negotiations began in which year?

A. 2001

B. 2010

C. 1999

D. 2005

Answer: Option A

Solution (By JKSSB Mock Tests)

The Doha Round was launched in 2001.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on inter-state supply is:

A. UTGST

B. CGST

C. IGST

D. SGST

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Correct Answer: Option C

Explanation:
Inter-state supplies attract IGST.

This question belongs to: Economy GK Economy Set 1

Question #2

The J-curve effect suggests that after a currency depreciation, the trade balance:

A. never improves

B. initially worsens before improving

C. improves immediately

D. is unaffected

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Correct Answer: Option B

Explanation:
The J-curve effect shows that trade balance may worsen initially after depreciation before improving.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'income effect' of a price rise in a normal good leads to:

A. decreased purchase of the good

B. no change in purchase

C. purchase of inferior goods only

D. increased purchase of the good

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Correct Answer: Option A

Explanation:
A price rise reduces real income, so the income effect causes less purchase of a normal good.

This question belongs to: Economy GK Economy Set 1

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