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Which statement best explains Global value chain?

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Question ID #27374 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 8 Medium

Which statement best explains Global value chain?

Correct Answer: B. Production process in which stages are located across multiple countries
Global value chain: Production process in which stages are located across multiple countries

Question: Which statement best explains Global value chain?

A. WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions

B. Production process in which stages are located across multiple countries

C. Agreement among countries to reduce trade barriers between them

D. Fall in the market value of a currency relative to another currency

Correct Answer: B. Production process in which stages are located across multiple countriesGlobal value chain: Production process in which stages are located across multiple countries

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Which statement best explains Global value chain? - MCQ Explanation

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Correct answer: B. Production process in which stages are located across multiple countries