SEO MCQ Question Page

Which statement best explains Global value chain?

Practice this MCQ with options, instant answer checking, explanation, exam-wise filters, next/previous navigation and shareable result image.

Question ID #25738 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 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

← Previous Question Next Question →

Which statement best explains Global value chain? - MCQ Explanation

This question is useful for exam preparation because it provides direct multiple-choice practice with options, answer checking and explanation.

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