SSC CPO GK Questions 2026

The DGFT works under the Ministry of Commerce and Industry, and under the Foreign Trade (Development and Regulation) Act of 1992 it frames and administers the Foreign Trade Policy, issues the importer-exporter code without which no one may trade across the border, and runs the export promotion schemes.

GATT was signed in 1947 as a provisional agreement on tariff reduction, and after the Uruguay Round it was replaced on 1 January 1995 by the World Trade Organization, a permanent body with headquarters at Geneva and a binding dispute settlement system.

In August 1994 India accepted the obligations of Article VIII of the International Monetary Fund and made the rupee fully convertible on the current account, so that foreign exchange for trade, travel, education and remittances could be obtained freely at the market rate.

The balance of trade, also called the merchandise or visible balance, is the difference between the value of goods exported and goods imported; nothing else enters it.

Self-reliance, the goal set out in India's early plans, means building the capacity to produce at home what the country would otherwise have to buy abroad, so the true indicator is that imports of such goods are avoided.

An inward-looking trade strategy, better known as import substitution, was the policy India followed from the Second Five Year Plan until 1991, and it rested on two instruments.

Export security is not a recognised category of trade barrier; it is not a device that restricts the movement of goods across a border.

The balance of payments is the statement that records every economic transaction between the residents of a country and the rest of the world in a given period, which is precisely what the external sector of an economy means; it covers merchandise trade, services, income, transfers and capital flows.

The Punjab and Haryana High Court sits at Chandigarh and serves the States of Punjab and Haryana and the Union Territory of Chandigarh.

It empowers every High Court to issue directions, orders or writs, including habeas corpus, mandamus, prohibition, quo warranto and certiorari, to any person or authority within its territory, for the enforcement of Fundamental Rights "and for any other purpose".

Under Article 217(1), a judge of a High Court holds office until he or she attains the age of 62 years.

Under Article 217(1), every judge of a High Court is appointed by the President by warrant under his or her hand and seal after consultation with the Chief Justice of India, the Governor of the State and, for any judge other than the Chief Justice, the Chief Justice of that…

It was established on 1 July 1862 under the Indian High Courts Act, 1861, which makes it the oldest High Court in India.

Justice M. Fathima Beevi, from Kerala, became the first woman judge of the Supreme Court of India in 1989, nearly forty years after the Court was set up.

Justice Harilal Jekisundas Kania, who had been the last Chief Justice of the Federal Court, became the first Chief Justice of India when the Supreme Court began on 26 January 1950, and presided over its inauguration on 28 January.

It allows the Supreme Court, in exercising its jurisdiction, to pass any decree or make any order necessary for doing "complete justice" in any case or matter pending before it.

Article 141 says the law declared by the Supreme Court shall be binding on all courts within the territory of India.

It gives the Supreme Court the power to review any judgment it has pronounced or any order it has made, subject to the provisions of any law made by Parliament and the rules made by the Court under Article 145.

It declares that the Supreme Court shall be a court of record and shall have all the powers of such a court, including the power to punish for contempt of itself.

Under Article 131, the Supreme Court alone can hear, as a court of first instance, disputes between the Government of India and one or more States, between the Government of India and a State on one side and other States on the other, or between two or more States.