Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Awareness Financial Organisations
Consider the following statements regarding Generalised System of Preferences (GSP):
1. US recently terminated India’s designation as a beneficiary under GSP trade programme due to India’s bilateral trade with Iran.
2. GSP offers preferential tariff rates by countries to their strategic allies.
Which of the statements given above is/are correct?1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2