state gov TSPSC Group 3 (తెలంగాణ గ్రూప్ 3) 2023 Mock Test Series General Knowledge Economy External Sector and Currency Exchange rate
Consider the following statements regarding the Generalized System of Preferences:
1. It is a preferential tariff system extended by developed countries to developing countries.
2. It involves reduced Tariffs or duty-free entry of eligible products exported by beneficiary countries to the markets of donor countries.
3. Currently, India is the biggest beneficiary of the GSP regime and accounted for over a quarter of the goods that got duty-free access into the US.
Which of the statements given above is/are correct?
1
1 only
2
1 and 2 only
3
2 and 3 only
4
1, 2 and 3