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The "Most Favored Nation" (MFN) status in international trade refers to:
  • a)
    Favoring a particular country over others in trade deals
  • b)
    Extending the best possible trade terms to all member countries
  • c)
    Granting exclusive trade privileges to the wealthiest nations
  • d)
    Encouraging protectionism in international trade
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The "Most Favored Nation" (MFN) status in international trad...
The "Most Favored Nation" (MFN) status is a trade principle where a country extends the best trade terms and concessions it offers to any one nation to all other member countries. This principle promotes non-discrimination and fair trade practices.
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The "Most Favored Nation" (MFN) status in international trade refers to:a)Favoring a particular country over others in trade dealsb)Extending the best possible trade terms to all member countriesc)Granting exclusive trade privileges to the wealthiest nationsd)Encouraging protectionism in international tradeCorrect answer is option 'B'. Can you explain this answer?
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The "Most Favored Nation" (MFN) status in international trade refers to:a)Favoring a particular country over others in trade dealsb)Extending the best possible trade terms to all member countriesc)Granting exclusive trade privileges to the wealthiest nationsd)Encouraging protectionism in international tradeCorrect answer is option 'B'. Can you explain this answer? for SSC MTS / SSC GD 2025 is part of SSC MTS / SSC GD preparation. The Question and answers have been prepared according to the SSC MTS / SSC GD exam syllabus. Information about The "Most Favored Nation" (MFN) status in international trade refers to:a)Favoring a particular country over others in trade dealsb)Extending the best possible trade terms to all member countriesc)Granting exclusive trade privileges to the wealthiest nationsd)Encouraging protectionism in international tradeCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC MTS / SSC GD 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The "Most Favored Nation" (MFN) status in international trade refers to:a)Favoring a particular country over others in trade dealsb)Extending the best possible trade terms to all member countriesc)Granting exclusive trade privileges to the wealthiest nationsd)Encouraging protectionism in international tradeCorrect answer is option 'B'. Can you explain this answer?.
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