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UPSC 1996: The emerging trading blocs in the world, such as NAFTA, ASEAN and the like, are expected to
(a)act as constrictions in free trade across the world
(b)promote free trade on the lines laid down by the WTO
(c)permit transfer of technology between member countries
(d)promote trade in agricultural commodities between countries of the North and South
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Not attemptedCorrect Answer: (b) promote free trade on the lines laid down by the WTO
NAFTA, ASEAN and similar regional trading arrangements are conceived as building-blocks of the multilateral trading system; they lower tariffs among the members in harmony with the free-trade principles later codified by the WTO. Hence they are expected to promote free trade rather than restrict it, making option (b) correct; the other options describe effects (technology transfer, agriculture North-South trade or global constriction) that are not the primary stated objective of such blocs. ([edurev.in](https://edurev.in/t/203123/World-Panorama-Solved-Questions--1995-2020--1))
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What is the correct answer to this UPSC 1996 Indian Economy question?▼
The correct answer is option (b): promote free trade on the lines laid down by the WTO. 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 1996, GS Paper 1, as Question 37. It falls under Indian Economy > International Trade & WTO.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
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.