Multiple Choice Questions on The Trade facilitation agreement TFA of the WTO says that farm subsidies cannot be more than 1........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

The Trade facilitation agreement TFA of the WTO says that farm subsidies cannot be more than 1...........

Economic Affairs World Trade Organsiation (WTO)
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     The Trade facilitation agreement (TFA) of the WTO says that farm subsidies cannot be more than 10 percent of the

     Gross Domestic Product of a country.

    Incorrect Answer

     Value of agricultural production.

    Correct Answer

     National income of a country.

    Incorrect Answer

     Value of agricultural exports.

    Incorrect Answer
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    Explanation:

     TFA runs in a clause that says farm subsidies cannot be more than 10 percent of the value of agricultural production.
    Context - The issue of the WTO TFA was all over the news since last 1-2 years. Please go through few related news articles.

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