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UPSC 1995: Which of the following benefits are likely to accrue to India from the World Trade Organisation? I. India’s share in the world trade is to go up from the present 600 million US dollars to 5 billion US dollars by 2000 A.D. II. It will help boost exports of agricultural commodities from India. III. India’s share in the world trade is likely to triple by the year 2000 A.D. Select the correct answer using the codes given below:
(a)I, II and III
(b)I and II
(c)I and III
(d)II and III
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Not attemptedCorrect Answer: (d) II and III
Joining the WTO was expected to (II) open markets for Indian farm products and (III) raise India’s share of world trade (projected to triple by 2000). Statement I quotes figures (US $600 million to 5 billion) that grossly underestimate India’s existing export value in 1995 and were not part of official projections, so I is incorrect. Thus only II and III are valid. ([licchavilyceum.com](https://licchavilyceum.com/upsc-civil-services-prelims-1995-solved-question-paper/))
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Frequently Asked Questions
What is the correct answer to this UPSC 1995 Indian Economy question?▼
The correct answer is option (d): II and III. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this International Trade & WTO question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 1995, GS Paper 1, as Question 79. It falls under Indian Economy > International Trade & WTO.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from International Trade & WTO?▼
UPSC has asked 38 questions from International Trade & WTO (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.