Commerce Optional (UPSC-IAS)

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Q.4) Consider the following statement related to “Peace Clause” (1) The ‘peace clause’ said that no country would be legally barred from food security programmes even if the subsidy breached the limits specified in the WTO agreement on agriculture. (2) An interim mechanism called the ‘Peace Clause’ is available for developing nations. (3) It is related with World Trade Organisation (WTO). Which of the statements given above are incorrect? (a) 1 and 2 (b) 1 and 3 (c) 2 and 3 (d) None of the above Answer: - (d) None of the above Explanation-  According the ‘Peace Clause’ to which they cannot be challenged at the WTO Dispute Settlement Mechanism (DSM) even if they breach the cap of the product-specific domestic support (10% of the value of production). https://www.civilservicegurukul.com/civil-service-gurukuls-current-affairs-test-series/