Q: If India enters into Free Trade Agreements (FTAs) with other nations, then the growth of exports of India would depend upon which of the following? 1. Extent of tariff reduction vis-à-vis MFN tariffs 2. Extent of relaxation in terms of rules of origin 3. Extent of relaxation in sanitary and phytosanitary measures 4. Level of infrastructure in India 5. Income in nations with which India enters into FTAs Select the correct answer using the code given below.
(a)1, 3 and 4 only
(b)1, 2 and 4 only
(c)2, 3 and 5 only
(d)1, 2, 3, 4 and 5
Correct Answer: (d)
The correct answer is (b) '1, 2 and 4 only'. Among the 5 statements given, this option correctly identifies which statements are accurate regarding External Sector & Trade (Indian Economy).