UPSC Exam > UPSC Questions > Which of the following statements is correct ...
Start Learning for Free
Which of the following statements is correct regarding Partial Scope Agreement (PSA)?
- a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.
- b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.
- c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.
- d)The market where movement of factors of production is relatively free amongst member countries.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which of the following statements is correct regarding Partial Scope A...
Preferential Trade Agreements (PTAs) have five distinguish forms with each subsequent arrangement being a deeper form of integration, requiring more coordination and a greater loss of autonomy.
Most Upvoted Answer
Which of the following statements is correct regarding Partial Scope A...
Partial Scope Agreement (PSA)
A Partial Scope Agreement (PSA) is an agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods. This type of agreement is narrower in focus compared to comprehensive free trade agreements.
Key Points about PSA:
- PSAs typically focus on specific sectors or products, rather than covering all goods and services.
- They are often used by countries as a stepping stone towards broader trade agreements.
- PSAs can help countries to gradually liberalize trade in specific areas while protecting sensitive industries.
- These agreements are flexible and can be tailored to the specific needs and priorities of the countries involved.
- PSAs can help to reduce trade barriers and promote economic cooperation between countries.
In conclusion, a Partial Scope Agreement (PSA) is a limited trade agreement that allows for trade in a select number of goods between countries. It provides a framework for increasing economic cooperation in specific sectors while maintaining certain trade restrictions.
A Partial Scope Agreement (PSA) is an agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods. This type of agreement is narrower in focus compared to comprehensive free trade agreements.
Key Points about PSA:
- PSAs typically focus on specific sectors or products, rather than covering all goods and services.
- They are often used by countries as a stepping stone towards broader trade agreements.
- PSAs can help countries to gradually liberalize trade in specific areas while protecting sensitive industries.
- These agreements are flexible and can be tailored to the specific needs and priorities of the countries involved.
- PSAs can help to reduce trade barriers and promote economic cooperation between countries.
In conclusion, a Partial Scope Agreement (PSA) is a limited trade agreement that allows for trade in a select number of goods between countries. It provides a framework for increasing economic cooperation in specific sectors while maintaining certain trade restrictions.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer?
Question Description
Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer?.
Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer?.
Solutions for Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following statements is correct regarding Partial Scope Agreement (PSA)?a)An agreement which is only partial in scope, meaning it allows for trade between countries on a small number of goods.b)A preferential arrangement in which members reduce tariffs on trade among themselves, while maintaining their own tariff rates for trade with non members.c)A free-trade agreement in which members apply a common external tariff (CET) schedule to imports from non members.d)The market where movement of factors of production is relatively free amongst member countries. Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup