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In the context of bilateral trade negotiations between India and the European Union, what is the difference between European Commission and European Council? 1. European Commission represents the EU in trade negotiations whereas the European Council partici­pates in the legislation of matters pertaining to economic policies of the European Union. 2. European Commission comprises of the Heads of State or government of member countries whereas the European Council comprises of the persons nominated by European Parliament. Which of the statements given above is/are correct?
Which of the following statement is correct?
Statement I In currency quotation, the first currency is the base Currency and the second currency is known as the quoted currency.
Statement II A currency pair is generally represented by using a hyphen or an oblique.
Consider the following statements about European Union: (a) It is a Political and Economic Union. (b) It was formally established by the Maastricht Treaty. (c) In 2007 Austria and Sweden became the members of European Union. (d) In 2012 the European Union received the Nobel Peace Prize. Which of the above statements are correct?
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
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.
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?
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.
Which of the following countries of the European Union has not adopted 'Euro' as yet?
Which of the following countries have Euro as their official currency? (a) Switzerland (b) Andorra (c) Belarus (d) Cyprus Select the correct answer using the code given below: