A
General Agreement on Tariffs and Trade (GATT)
B
Aggregate Measurement of Support (AMS)
C
Trade Facilitation Agreement (TFA)
D
Special Safeguard Mechanism (SSM)
Correct answer: (b) Aggregate Measurement of Support (AMS)
Explanation
Option B is correct because the Aggregate Measurement of Support (AMS) is the specific WTO measure used to calculate the monetary value of domestic agricultural trade-distorting subsidies. Options B, C, and D refer to different mechanisms, agreements, or treaties.
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.
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2023 · Q64 · UPPGS
To whom does the credit go for the development of coconut and sugarcane agriculture in the Philippines? -
2021 · Q103 · UPPGS
According to the Union Budget 2021-22, the Finance Minister proposed a new levy, Agriculture Infrastructure and Development Cess. This cess will be levied on how many products? -
2020 · Q143 · UPPGS
Given below are two statements, one is labelled as Assertion (A) : and other as Reason (R): Assertion (A): The Union Budget 2020-21 has focused on Rural Development with aim of doubling farmer income. Reason (R): The 16 Action points announced in the budget is centred around agriculture, irrigation and rural development. Select the correct answer from the codes given below.