The 'Uruguay Round' of GATT negotiations concluded in: MCQ with Answer and Explanation

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The 'Uruguay Round' of GATT negotiations concluded in:

A. 1986

B. 1990

C. 1994

D. 2000

Answer: Option C

Solution (By JKSSB Mock Tests)

The Uruguay Round concluded in 1994 and led to the creation of the WTO.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'worker population ratio' is defined as:

A. labour force divided by population

B. workers divided by total population

C. unemployed divided by labour force

D. workers divided by population in relevant age group

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Correct Answer: Option D

Explanation:
Worker population ratio is workers as a percentage of population in the relevant age group.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'TReDS' platform is meant for:

A. trading government securities

B. foreign exchange trading

C. commodity futures

D. financing of receivables of MSMEs

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Correct Answer: Option D

Explanation:
TReDS is an electronic platform for financing trade receivables of MSMEs from corporate buyers.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Eleventh Five Year Plan' period was:

A. 2004-2009

B. 2007-2012

C. 2010-2015

D. 2002-2007

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Correct Answer: Option B

Explanation:
The Eleventh Five Year Plan covered 2007-2012.

This question belongs to: Economy GK Economy Set 1

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