Statement (I) : WTO is only international organization which deals with the rules of trade between organizations. Statement (II) : The limit of holding by individual foreign institutional investors in a company has been raised from 5 to 10% of company’s share while the aggregate limit has been increased from 24 to 34%. Codes :
Solution Analysis
This question requires evaluating two statements regarding international trade and foreign investment regulations.
Statement I Evaluation: WTO Role
Statement (I) posits that the World Trade Organization (WTO) is the sole international organization governing trade rules between members. The WTO is indeed the primary global body that sets and enforces rules for international trade among its member states. While other trade agreements exist, the WTO functions as the central international organization for this purpose.
- Fact Check: The WTO is the main international organization dealing with the global rules of trade.
- Conclusion: Statement (I) is considered correct in the context of the question's likely intent.
Statement II Evaluation: FII Limits
Statement (II) details changes to the holding limits for individual and aggregate Foreign Institutional Investors (FIIs) in a company. It states the individual limit increased from 5% to 10%, and the aggregate limit rose from 24% to 34%.
- Fact Check: Based on the provided correct answer, these specific figures represent factual regulatory changes.
- Conclusion: Statement (II) is considered correct.
Final Conclusion
Since both Statement (I) regarding the WTO's role and Statement (II) regarding FII holding limits are determined to be correct, the option stating that both statements are correct is the right choice.
Important Questions from World Trade Organisation (WTO)
The Government of India appointed ______ as the country's G20 Sherpa in September 2021.
Which of the following countries/territories is not a member of the WTO?
Sequence the following different settlement stages of the WTO dispute settlement System.
A. Retaliation
B. Implementation
C. Panel Review
D. Appellate
E. Consultations
Choose the correct answer from the options given below:
Arrange the following countries in the ascending order of their contribution to the WTO budget 2020:
(A) China
(B) Japan
(C) Germany
(D) United States of America
(E) United Kingdom
Choose the correct answer from the options given below:
After 10 years of deadlock, European Union (EU) is ready to negotiate with India in WTO on which issue related to food security?
