MCQ
upsc-p1-economy-international-trade-wto MCQ - Practice Questions with Answers
Solve 1 upsc-p1-economy-international-trade-wto questions for RAS/RPSC preparation.
Practice questions
Q1With reference to the constitutional and statutory basis of India's foreign trade, consider the following statements: 1. Union List Entry 83 covers customs duties, including export duties. 2. Article 73 extends Union executive power to matters on which Parliament can legislate. 3. Section 6 of the Foreign Trade (Development and Regulation) Act, 1992 relates to the appointment and functions of the Director General of Foreign Trade. 4. Article 301 is the constitutional provision that empowers Parliament to implement international agreements. Which of the statements given above are correct? Select the correct answer using the code given below.
Statements 1, 2 and 3 are correct. Entry 83 covers customs duties including export duties; Article 73 defines the relevant reach of Union executive power; and Section 6 concerns the Director General of Foreign Trade. Statement 4 is incorrect because Article 301 concerns freedom of internal trade, commerce and intercourse, while Article 253 enables parliamentary legislation to implement international agreements.
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