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EconomyEasy

In which city was the Leveraging FTAs outreach programme of the Department of Commerce held?

  1. A.Jodhpur
  2. B.Udaipur
  3. C.Jaipur
  4. D.Bhilwara

Correct answer

C. Jaipur

Explanation

The correct answer is Jaipur. The Department of Commerce organised the outreach programme in the Rajasthan capital to build awareness of the benefits available under India free trade agreements and to help exporters use them in practice. The event was addressed by the Joint Secretary of the department and drew exporters across sectors along with representatives of the state government, the Directorate General of Foreign Trade, the Jaipur Special Economic Zone and the Gem and Jewellery Export Promotion Council. Options A, B and D are all wrong as the venue, although each is named in the statement as a district whose enterprises the programme seeks to connect with international buyers and supply chains. The distinction between the host city and the districts that stand to benefit is exactly the kind of detail a paper setter tests.

Read the full article: Commerce Dept Holds FTA Outreach for Exporters in Jaipur

Q2.EconomyHard

According to the sector presentation at the programme, where does India rank among global exporters of gems and jewellery?

  1. A.Third
  2. B.Fifth
  3. C.Eighth
  4. D.Twelfth
Show answer
Correct answer: C. Eighth

The presentation by the Joint Director General of Foreign Trade at Jaipur placed India eighth among exporters of gems and jewellery worldwide, with a share of 2.9 per cent in a global market worth about one trillion dollars, and noted that the recently concluded agreements grant immediate duty-free access across…

Q3.EconomyMedium

Under which law has NPPA fixed the trade margin ceiling on these anti-cancer drugs?

  1. A.Paragraph 19 of the Drugs (Prices Control) Order, 2013
  2. B.Section 12 of the Essential Commodities Act
  3. C.Paragraph 4 of the National Pharmaceutical Pricing Policy
  4. D.Rule 65 of the Drugs and Cosmetics Rules
Show answer
Correct answer: A. Paragraph 19 of the Drugs (Prices Control) Order, 2013

This is the enabling provision cited by the regulator while capping the trade margin at thirty per cent of the Maximum Retail Price for the identified non-scheduled anti-cancer medicines.