If a company exports a product at a price lower than the price it normally charges on its own home market, it is said to be "dumping" the product. India is the top user of the anti-dumping measures in the world in the decade.

Correct Option: A

If a company exports a product at a price lower than the price it normally charges on its own home market, it is said to be "dumping" the product. India is the top user of the anti-dumping measures in the world in the decade.

Uruguay session is the final session of the General Agreement on Tariff and Trade (GATT). The Uruguay Round lasted from 1986-94. It was the most ambitious round to date, hoping to expand the competence of the GATT to important new areas such as services, capital, intellectual property, textiles, and agriculture. One of the most significant changes in the Uruguay round was the creation of the World Trade Organisation (WTO). The 75 existing GATT members and the European Communities became the founding members of the WTO on 1 January 1995.

Correct Option: D

Uruguay session is the final session of the General Agreement on Tariff and Trade (GATT). The Uruguay Round lasted from 1986-94. It was the most ambitious round to date, hoping to expand the competence of the GATT to important new areas such as services, capital, intellectual property, textiles, and agriculture. One of the most significant changes in the Uruguay round was the creation of the World Trade Organisation (WTO). The 75 existing GATT members and the European Communities became the founding members of the WTO on 1 January 1995.

Token privatisation or deficit privatisation of public sector units occurs when the government sells 5% to 10% of its shares. The government disinvests to meet the deficit in the budget.

Correct Option: A

Token privatisation or deficit privatisation of public sector units occurs when the government sells 5% to 10% of its shares. The government disinvests to meet the deficit in the budget.

The United Kingdom, Under Margaret Thatcher started privatization of state-owned enterprises as a major state policy. The Ridley report devised for the Thatcher shadow cabinet, recommended a policy of breaking up the public sector and dismembering unions.

Correct Option: A

The United Kingdom, Under Margaret Thatcher started privatization of state-owned enterprises as a major state policy. The Ridley report devised for the Thatcher shadow cabinet, recommended a policy of breaking up the public sector and dismembering unions.