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The average age of a family having three members is 40 years. The smallest member of the family is 18 years old. The difference between the age of the oldest family member and the age of the second oldest family member is 6 more than the difference between the age of the second oldest member and age of youngest member of the family. Quantity I: 25 years hence, what will be the average of the age of smallest member and that of oldest member of the family? Quantity II: What is the age of the oldest member of the family?   
Which of the following are the main functions of WTO? 1. To organize meetings of member countries to arrive at trade agreements covering international trade 2. To ensure that member countries conduct trade practices as per agreement agreed upon and signed by the member countries 3. To provide a platform to negotiate and settle disputes related to international trade between and among member countries
Which out of the following is/are reason(s) for the low efficacy of ILO?
1. The recommendations made by ILO just advisory notes.
2. The conventions are not binding unless the member countries ratify them.
3. There is no power with ILO to instruct the member countries to adopt its recommendations and conventions.
4. The local conditions of the member countries are a constraint.
What is often called economic globalization usually involves greater economic flows among different countries of the world. Choose the correct statements from the following about the features of economic globalization. 1. The restrictions imposed by different countries on allowing the imports of other countries have been reduced. 2. The restrictions on the movement of capital across the countries have been increased. 3. Developed countries carefully guarded their borders with visa policies to ensure that citizens of other countries cannot take away the jobs of their own citizens.
All actions to address climate change ultimately involve costs. Funding is vital in order for countries like India to design and implement adaptation and mitigation plans and projects. The problem is more severe for developing countries like India, which would be one of the hardest hit by climate change, given its need to finance development. Most countries do indeed treat climate change as real threat and are striving to address it in a more comprehensive and integrated manner with the limited resources at their disposal. With reference to the above passage, the following assumptions have been made: 1. Climate change is not a challenge for developed countries. 2. Climate change is a complex policy issue and also a development issue for many countries. 3. Ways and means of finance must be found to enable developing countries to enhance their adaptive capacity. Which of the above assumptions is/are valid?
Which of the following countries are member of the North American Free Trade Agreement (NAFTA)?
The member countries of NAFTA are -
Consider the following statements regarding BIMSTEC. 1. It is a regional organization comprising member states only sharing boundaries with the Bay of Bengal. 2. Indonesia and Malaysia are the only two member countries from Southeast Asia. 3. It seeks to promote trade and investment within BIMSTEC member countries. Which of the following statements given above is/are correct?
In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surplus with other countries. Which of the following statements best summarizes the above?
The following sentences form a paragraph. The first and the last sentences of the paragraph are given. The rest of the sentences are numbered as P, Q, R and S. These four parts are not given in their proper order. Read the sentences and choose the alternative that arranges them in the correct order. 1. The concept of Globalisation by integrating nation states within the theme work of World Trade Organisation (WTO) is an alternative version of the Theory of Comparative Cost Advantage propagated by the classical economists for assuming unrestricted flow of goods between the countries for mutual benefit, especially from Great Britain to other less developed countries or to their colonies. P. However, the advocates of globalisation, especially from the developed countries purposely limit the definition of globalisation to only three components, i.e., unrestricted trade flows, capital flows and technology flows. Q. They do not want to include the free flow labour within the parameter of globalisation set by them. R. In this way, the imperialist nations gained much at the cost of the colonial countries who had to suffer from the scar of stagnation and poverty. S. The World Commission on the Social Dimension of Globalisation (WCSDG) set up by ILO has also made some important observations on globalisation. 6. In the meantime, various countries of the world have adopted the policy of globalisation.