10 Basiceconomics WTO , IMF, World Bank
WTO , IMF, World Bank
Terminologies
Qts 1 Explain meaning of Special safeguard mechanism
means the option available to countries to impose additional duties on imported products when there is surge in imports or products are imported at lower price.
Qts 2) Explain meaning of tariff cation
means converting non-tariff barriers into tariffs that ensures same level of protection.
Qts 3 Explain meaning Domestic Subsidies:
A domestic subsidy is any form of government financial help to domestic businesses. The subsidy helps firms to lower their costs and thus become more competitive in home and overseas markets
Qts 4.Explain the meaning of Green Box Subsidies:
Those subsidies which don't distort the free trade. These supports shall be provided through publicly funded government program and these supports shall not provide price support to the producer.
Qts 6 Explain meaning of Special and Differential Treatment Box (S & D Box) Subsidies:
Essential for rural development and upliftment of poor farmers are called S & D box subsidies.
Qts 7 Explain meaning of Blue Box Subsidies:
Blue box subsidies are direct payments by government for under production of goods
Qts 8 Explain meaning of Export Subsidies
Export subsidy is a government policy to encourage export of goods and discourage sale of goods on the domestic market through direct payments, low-cost loans, tax relief for exporters, or government-financed international advertising.
Qts 9 Explain meaning of Trade Related Intellectual Property Rights (TRIPS):
Intellectual properties are knowledge oriented creations, inventions and innovations. TRIPS cover Copyright and related rights, trademarks including service marks, geographical indicators, industrial designs, patents, lay out designs (topographies) of integrated circuits, trade secrets.
Qts 10 Explain the meaning of Copyright:
Related with literary and artistic works like books, lectures, sermons, music etc. The copyright means the right conferred on creator, author and producer etc.
Qts 11 Explain the meaning of Trade Mark:
The symbols that give unique identity to products of particular producer.
Qts 12 Explain the meaning of Geographical Indicator:
The unique identity attached to a particular product for the reason that particular product is produced in a particular geographical location. For example, Banaras silk sarees, Coimbatore wet grinder etc.
Qts 13 Explain the meaning of Industrial Designs:
The Designs Act, 2000 observes "design" means only the features of shape, configuration, pattern, ornament or composition of lines or colours applied to any article.
Qts 14 Explain meaning of Patents:
Recognition of invention and conferment of certain exclusive rights to inventor.
Qts 15 Explain meaning of Trade Secret:
Trade secret means the information regarding process, formula etc.
Qts 16 Explain meaning of Trade Related Aspects of Investment Measures (TRIMS):
TRIMS are essentially to promote investment and equality among countries in the sphere of foreign investments.
Qts 17 Explain meaning of General Agreement on Trade in Services (GATS):
GATS call for liberalization of trade in service sector. This agreement covers only commercial service excluding air transport service and excludes government services which are not in the commercial nature.