A
Veto powers granted to permanent members of the United Nations Security Council over trade tariffs.
B
Mandatory financial penalties imposed on developing nations by the International Monetary Fund.
C
A procedural right allowing non-party member countries with substantial trade interests to participate in dispute panel proceedings.
D
Automatic trade embargoes implemented by private corporate entities against offending states.
Correct answer: (c) A procedural right allowing non-party member countries with substantial trade interests to participate in dispute panel proceedings.
Explanation
Option C correctly defines third-party rights as a WTO procedural right allowing non-party members with substantial trade interests to participate in proceedings. The other options introduce unrelated international bodies and concepts.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.