Multiple choice

India abolished the quantitative restrictions on imports of 1429 items in 2000 and 2001 as per the commitment to which of the following?

  1. South Asian Free Trade Association (SAFTA)

  2. General Agreement on Tariffs and Trade (GATT)

  3. World Trade Organisation (WTO)

  4. Non-Aligned Movement
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

As a WTO member, India committed to removing quantitative restrictions (QRs) on imports. This was done in phases - removing QRs on 1429 items in 2000-2001 fulfilled India's WTO obligations under the Agreement on Quantitative Restrictions.

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