239. Consider the following statements in context of WTO.
1. WTO is a permanent body with its over dispute settlement machanism.
2. Scope of WTO has been broadened by inclusion of services, intellectual property rights and investment measures.
3. WTO promote international trade.
4. WTO banned the foreign currency.
5. WTO managed the hybrid system of clean floating, currency block etc.
Which of the statements given above are correct?
1. WTO is a permanent body with its over dispute settlement machanism.
2. Scope of WTO has been broadened by inclusion of services, intellectual property rights and investment measures.
3. WTO promote international trade.
4. WTO banned the foreign currency.
5. WTO managed the hybrid system of clean floating, currency block etc.
Which of the statements given above are correct?
240. Match the following legislations with the year of their enactment:
| List-I | List-II |
| a. Industries (Development and Regulation) Act | 1. 1969 |
| b. Foreign Exchange Management Act | 2. 1951 |
| c. Securities Exchange Board Of India Act | 3. 1999 |
| d. Monopolies and Restrictive Trade Practices Act | 4. 1992 |
242. Which of the following deficits are true in their representation?
(1) Budget deficit = Total expenditure - Total receipts
(2) Revenue deficit = Revenue expenditure - Revenue receipts
(3) Fiscal deficit = Total expenditure - Total receipts except borrowings
(4) Primary deficit = Fiscal deficit - Interest payments
(1) Budget deficit = Total expenditure - Total receipts
(2) Revenue deficit = Revenue expenditure - Revenue receipts
(3) Fiscal deficit = Total expenditure - Total receipts except borrowings
(4) Primary deficit = Fiscal deficit - Interest payments
243. Both Foreign Direct Investment (FDI) and Foreign Portfolio Investor (FPI) are related to investment in a country. Which one of the following statements best represents an important difference between the two?
245. Which one of the following matches corresponds to the Member and Observer countries of the SAARC?
(i) India, Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, Afghanistan, Maldives
(ii) China, USA, Myanmar, Iran, Japan, South Korea, Australia, Mauritius and European Union
(iii) Pakistan, Nepal, India, Bangladesh, Iran
(iv) UK, USA, North Korea, South Africa
(i) India, Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, Afghanistan, Maldives
(ii) China, USA, Myanmar, Iran, Japan, South Korea, Australia, Mauritius and European Union
(iii) Pakistan, Nepal, India, Bangladesh, Iran
(iv) UK, USA, North Korea, South Africa
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