Current affairs based MCQs (3-5-19) 08/05/2019 – Posted in: DAILY MCQs

1.

Consider the following statements:

(1) Preferential Trade Agreement was negotiated during the Uruguay Round of the General Agreement on Tariffs and Trade.
(2) Generalized System of Preferences (GSP) is a special status given in trade by various countries.
(3) A Preferential trade area can be established through a trade pact.

Which of the statement/s given above is/are correct?

(a) 1 and 3 only
(b) 2 and 3 only
(c) 2 only
(d) 1 and 2 only

2.

Consider the following statements:

(1) UK is the world’s first Parliament to declare Climate Emergency.
(2) UK is legally committed to a 80 per cent reduction in carbon emissions by 2050.

Which of the statement/s given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 Nor 2

Solution: 1-B, 2-C