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Which statement best explains Most-favoured-nation principle?

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Question ID #25734 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium

Which statement best explains Most-favoured-nation principle?

Correct Answer: B. WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions
Most-favoured-nation principle: WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions

Question: Which statement best explains Most-favoured-nation principle?

A. Quantitative restriction on the amount of a good that may be imported or exported

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

C. Cross-border flow of data, digital services, knowledge and platform-based commerce

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

Correct Answer: B. WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptionsMost-favoured-nation principle: WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions

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Which statement best explains Most-favoured-nation principle? - MCQ Explanation

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Correct answer: B. WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions