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The term „Rules of Origin‟ is sometimes seen in the news with reference to
- a)Permitting foreign educational institutions to set up their campuses in the domestic country
- b)Regulating investment through Participatory notes to prevent round tripping of black money
- c)Granting licenses to foreigne-commerce firms to operate in the domestic country
- d)Developing trading norms to prevent dumping of foreign goods in the domestic market
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The term „Rules of Origin is sometimes seen in the news with ref...
• Rules of origin are the rules to attribute a country of origin to a product in order to determine its "economic nationality". The need to establish rules of origin stems from the fact that the implementation of trade policy measures, such as tariffs, quotas, trade remedies, in various cases, depends on the country of origin of the product at hand.
• Rules of origin are used:
o to implement measures and instruments of commercial policy such as anti-dumping duties and safeguard measures;
o to determine whether imported products shall receive most-favoured-nation (MFN) treatment or preferential treatment; o for the purpose of trade statistics;
o for the application of labelling and marking requirements; and
o for government procurement.
• General Agreement on Tariffs and Trade (GATT) has no specific rules governing the determination of the country of origin of goods in international commerce. Each contracting party was free to determine its own origin rules, and could even maintain several different rules of origin depending on the purpose of the particular regulation.
• During international trade, an exporting country needs to show a certificate under norms of "rules of origin" to prove that the commodity or a product originates there. Rules of origin norms help in containing dumping of goods.
• Recently there has been a surge in import of cheap areca nut from SAARC nations. Hence Finance ministry has been requested to check the rules of origin to curb cheaper imports from SAARC countries.
• Rules of origin are used:
o to implement measures and instruments of commercial policy such as anti-dumping duties and safeguard measures;
o to determine whether imported products shall receive most-favoured-nation (MFN) treatment or preferential treatment; o for the purpose of trade statistics;
o for the application of labelling and marking requirements; and
o for government procurement.
• General Agreement on Tariffs and Trade (GATT) has no specific rules governing the determination of the country of origin of goods in international commerce. Each contracting party was free to determine its own origin rules, and could even maintain several different rules of origin depending on the purpose of the particular regulation.
• During international trade, an exporting country needs to show a certificate under norms of "rules of origin" to prove that the commodity or a product originates there. Rules of origin norms help in containing dumping of goods.
• Recently there has been a surge in import of cheap areca nut from SAARC nations. Hence Finance ministry has been requested to check the rules of origin to curb cheaper imports from SAARC countries.
Most Upvoted Answer
The term „Rules of Origin is sometimes seen in the news with ref...
"term" can refer to several different things depending on the context:
1. In mathematics, a term refers to a single number, variable, or expression that is part of a larger mathematical expression or equation. For example, in the expression 3x^2 + 5x - 2, each of the three parts (3x^2, 5x, -2) is a term.
2. In language, a term refers to a word or phrase that has a specific meaning or definition. For example, "computer science" is a term that refers to the study of computers and their applications.
3. In education, a term refers to a specific period of time during which classes are held. For example, a school year may be divided into three terms: fall, spring, and summer.
4. In business, a term refers to the conditions or specifications of a contract or agreement. For example, the term of a loan may refer to the length of time over which the borrower must repay the loan.
Overall, the term "term" can have different meanings depending on the context in which it is used.
1. In mathematics, a term refers to a single number, variable, or expression that is part of a larger mathematical expression or equation. For example, in the expression 3x^2 + 5x - 2, each of the three parts (3x^2, 5x, -2) is a term.
2. In language, a term refers to a word or phrase that has a specific meaning or definition. For example, "computer science" is a term that refers to the study of computers and their applications.
3. In education, a term refers to a specific period of time during which classes are held. For example, a school year may be divided into three terms: fall, spring, and summer.
4. In business, a term refers to the conditions or specifications of a contract or agreement. For example, the term of a loan may refer to the length of time over which the borrower must repay the loan.
Overall, the term "term" can have different meanings depending on the context in which it is used.
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The term „Rules of Origin is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic countryb)Regulating investment through Participatory notes to prevent round tripping of black moneyc)Granting licenses to foreigne-commerce firms to operate in the domestic countryd)Developing trading norms to prevent dumping of foreign goods in the domestic marketCorrect answer is option 'D'. Can you explain this answer?
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The term „Rules of Origin is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic countryb)Regulating investment through Participatory notes to prevent round tripping of black moneyc)Granting licenses to foreigne-commerce firms to operate in the domestic countryd)Developing trading norms to prevent dumping of foreign goods in the domestic marketCorrect answer is option 'D'. 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 The term „Rules of Origin is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic countryb)Regulating investment through Participatory notes to prevent round tripping of black moneyc)Granting licenses to foreigne-commerce firms to operate in the domestic countryd)Developing trading norms to prevent dumping of foreign goods in the domestic marketCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term „Rules of Origin is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic countryb)Regulating investment through Participatory notes to prevent round tripping of black moneyc)Granting licenses to foreigne-commerce firms to operate in the domestic countryd)Developing trading norms to prevent dumping of foreign goods in the domestic marketCorrect answer is option 'D'. Can you explain this answer?.
The term „Rules of Origin is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic countryb)Regulating investment through Participatory notes to prevent round tripping of black moneyc)Granting licenses to foreigne-commerce firms to operate in the domestic countryd)Developing trading norms to prevent dumping of foreign goods in the domestic marketCorrect answer is option 'D'. 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 The term „Rules of Origin is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic countryb)Regulating investment through Participatory notes to prevent round tripping of black moneyc)Granting licenses to foreigne-commerce firms to operate in the domestic countryd)Developing trading norms to prevent dumping of foreign goods in the domestic marketCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term „Rules of Origin is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic countryb)Regulating investment through Participatory notes to prevent round tripping of black moneyc)Granting licenses to foreigne-commerce firms to operate in the domestic countryd)Developing trading norms to prevent dumping of foreign goods in the domestic marketCorrect answer is option 'D'. Can you explain this answer?.
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The term „Rules of Origin is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic countryb)Regulating investment through Participatory notes to prevent round tripping of black moneyc)Granting licenses to foreigne-commerce firms to operate in the domestic countryd)Developing trading norms to prevent dumping of foreign goods in the domestic marketCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for The term „Rules of Origin is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic countryb)Regulating investment through Participatory notes to prevent round tripping of black moneyc)Granting licenses to foreigne-commerce firms to operate in the domestic countryd)Developing trading norms to prevent dumping of foreign goods in the domestic marketCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of The term „Rules of Origin is sometimes seen in the news with reference toa)Permitting foreign educational institutions to set up their campuses in the domestic countryb)Regulating investment through Participatory notes to prevent round tripping of black moneyc)Granting licenses to foreigne-commerce firms to operate in the domestic countryd)Developing trading norms to prevent dumping of foreign goods in the domestic marketCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
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