A
Neither 1 nor 2
B
2 only
C
1 only
D
Both 1 and 2
Correct answer: (c) 1 only
Explanation
Statement 1 is correct as India and 17 other nations reserved third-party rights in Russia's WTO dispute against the EU CBAM. Statement 2 is incorrect because the Dispute Settlement Body is an arm of the WTO, not the World Bank.
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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2024 · Q42 · General Studies · 2 marks
Consider the following statements: 1. In India, Non- Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India. 2. In India, Foreign Institutional Investors can hold the Government Securities (G-Secs). 3. In India, Stock Exchanges can offer separate trading platforms for debts. Which of the statements given above is/are correct? -
2026 · Q13 · GS II · 15 marks
How far has the Indian federal framework been successful in accommodating regional and cultural diversities? Highlight the role of asymmetric federalism and suggest measures to make dispute resolution mechanisms more effective. -
2015 · Q6 · GS II · 12 marks
What are the major changes brought in the Arbitration and Conciliation Act, 1966 through the recent ordinance promulgated by the President? How far will it improve India's dispute resolution mechanism? Discuss. -
2026 · Q78 · General Studies · 2 marks
The Chancellor of the Federal Republic of Germany visited India in January, 2026. Which of the following is/are NOT correct in terms of outcomes of this visit? 1. Signing of a Memorandum of Understanding between the All India Institute of Ayurveda and the University of Hamburg 2. Signing of a Memorandum of Understanding on Youth Hockey Development between Hockey India and the German Hockey Federation 3. Establishment of a bilateral dialogue mechanism on the Indo-Pacific 4. Opening of an Honorary Consul of Germany in Lucknow Select the answer using the code given below: -
2022 · Q8 · GS III · 10 marks
Explain the mechanism and occurrence of cloudburst in the context of the Indian subcontinent. Discuss two recent examples.