The Most Favoured Nation status doesn’t necessarily refer to :
Uniform civil code
Option 4 — Uniform civil code is correct.
Most Favoured Nation (MFN) treatment is a core WTO/GATT principle of non-discrimination among trading partners. If a country grants a trade advantage — such as a lower tariff — to one member, it must extend the same advantage to all other WTO members. Thus MFN implies non-discriminatory treatment, the same and equal economic treatment for all partners, and the same tariff rates applied across them.
“Uniform civil code,” by contrast, is a domestic legal concept about a common set of personal/civil laws for all citizens of a country. It has nothing to do with international trade or tariff treatment, so it is what MFN does not refer to — the correct choice for this “does not” question.
Why the other options are wrong: Options 1, 2 and 3 are all genuine features of MFN status — equal, non-discriminatory trade treatment and identical tariff rates for member nations — so they cannot be the answer.
Takeaway: MFN is about equal, non-discriminatory trade terms; a uniform civil code is unrelated domestic law.
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Match the items given in List - I and List - II.
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Assertion (A): Export Processing Zones (EPZs) were set up as an enclave separated from the Domestic Tariff Area (DTA) and converted into SEZs.
Reason (R): The Export Oriented Units (EOUs) scheme is complimentary to the EPZ and is introduced to enable exporters enjoy liberal package of incentives.
Codes:
Challenges before international business such as base erosion and profit shifting (BEPs), tax avoidance and shifting between a holding company and a subsidiary located in two different tax sovereigns may be resolved by which one of the following?
An efficient dispute settlement mechanism under WTO was brought in by which one of the following:
Important Questions from International Business
- Which is not one of the three dimensions of IHRM according to Peter J Dowling and Denice E Welch?
- Which among the following pertain to international staffing policy?
A. Geocentric
B. Expatriates
C. Repatriates
D. Employee leasing
E. Career portability
Choose the correct answer from the options given below: - Fill in the blank
"The member countries of WTO have moved to product patent regime under the __________ to meet their obligations under the seven areas covered by the __________ agreement". - Match the List-I and List-ll regarding International business theories with developers:
List I List II (i) Absolute Cost Advantage theory (a) Raymond Xernon (ii) Comparative Cost Advantage theory (b) Adam Smith (iii) Factor Endowment theory (c) David Recardo (iv) Product Life cycle theory (d) Eli Heckscher - What are the member countries of SAARC(South Asian Association for Regional Co-operation)?
