A
Neither 1 nor 2
B
Both 1 and 2
C
1 only
D
2 only
Correct answer: (d) 2 only
Explanation
Statement 1 is incorrect because FTAs typically eliminate or lower customs tariffs on origin-certified goods, but exceptions and phased timelines often apply rather than universal immediate elimination on all goods. Statement 2 is correct as Rules of Origin determine the national source of a product to qualify for duty concessions.
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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2025 · Q76 · General Studies · 2 marks
Consider the following countries : I. United Kingdom II. Denmark III. New Zealand IV. Australia V. Brazil How many of the above countries have more than four time zones? -
2021 · Q100 · General Studies · 2 marks
Consider the following statements in respect of the ICC World Test Championship : 1. The finalists were decided by the number of matches they won. 2. New Zealand was ranked ahead of England because it won more matches than England. Which of the above statements is/are correct?