Logical Reasoning Question 22
Question; Direction; Study the following passage carefully and answer the questions given below:
A major reason for the formation of the Agreement on Agriculture was the need to reduce excessive surplus production in the agricultural sector in the global commodity markets during the 1980’s and early 1990’s. This was caused by the rising levels of support and protection in a number of developed countries as some of the largest agricultural exporters competed on the basis of their government’s propensity to subsidize production and exports of agriculture while limiting access to the local producers and their markets. The AOA was established to reduce trade distortions and promote fair competition by addressing subsidies and trade barriers. What is the main objective of the Agreement on Agriculture (AOA) as per the passage?
Options:
A) Counter the surplus production in the agricultural sector
B) Conversion of all non tariff barriers into tariff barriers
C) Establish a fair and market oriented trading system
D) a and c
Show Answer
Answer:
Correct Answer; A
Solution:
- (a)
- Abductive reasoning
- Inference
- Related Object Analogies A major reason for the formation of the Agreement on Agriculture was the need to reduce excessive surplus production in the agricultural sector in the global commodity markets.
BETA
