Classical

December 2013 - Paper3

61:  
Assertion (A) : TRIpS requires an understanding about the scope of the new patent regime.
Reason (R) : patent protection will be extended to micro organisms, non_biological and
micro-biological processes and plant varieties.
Codes:
A.
(A) and (R) are not related with each other
 
B.

(R) is related with (A).

C.

(A) is independent of (R).

D.
While (R) is related with TRMS, (A) is related with TRIPS
 
 

Option: B

Explanation :


62:  
Possible impact of WTO on various aspects of the Indian economy :
 
(i) Quantitative restriction will be allowed. 
(ii) Second hand cars will be imported.
(iii) There will be dumping of Chinese goods.
(iv) Increase in population.
(v) Child labour exploitation
(vi) Unemplovment will increase
Which combination is appropriate ?

 

A.

(i), (ii), (iii)

B.

(iii), (iv), (v)

C.

(ii), (iii) & (vi)

D.

(iv) (v)  (vi)

 
 

Option: D

Explanation :


63:  
Assertion (A) : Economic integration abolishes cross-national economic discriminarion.
Reason (R) : Geographical proximity is an important  reason tbr economic integration.
codes:
A.

(R) does explain (A).

B.

Both (A) and (R) are correct

C.

Both (A) and (R) are not correct.

D.
(A) is correct, but (R) is not correct.
 
 

Option: D

Explanation :


64:  
Match the items of List _ I and items of List - II and select the corect answer:
 
List I                                                                     List II
(i) Free Trade Area (a) MERCOSUR
(ii) Customs Union (b) European Union
(iii) OEEC (c) EFTA
(iv) Common Market (d) Marshall Plan

 

A.

(a) (b) (c) (d)

B.

(b) (d) (a) (c)

C.

(c) (a) (d) (b)

D.

(d) (c) (b) (a)

 
 

Option: C

Explanation :


65:  
Assertion (A) : specifies futures contract advance the exchange rate to be used, but it is not as flexible as a forward
contract.
Reason (R) : A futures contract is for specific currency amount and a specific maturity date.
A.
(R) is a correct explanarion of (A).
B.
(R) is not a correct explanation of (A).
C.
(A) and (R) are not related with each other.
D.

(R) is irrelevant for (A).

 
 

Option: A

Explanation :




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