world political, socio economic panorama & issues (international) MCQ section 4 MCQ Questions & Answers Detailed Explanation

Answer: (a)

The Trade Facilitation Agreement contains provisions for expediting the movement, release and clearance of goods, including goods in transit.

It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues. It further contains provisions for technical assistance and capacity building in this area.

Answer: (a)

Answer: (b)

NATO Summit-2014 concluded with Wales declaration which focused on some major international issues.

Answer: (c)

Chung Hung Won was retained as Prime Minister of South Korea on 25 June 2014. The President of South Korea, Park Geun-Hye announced the decision to retain Chung Hung Won who had resigned over the ferry disaster in April 2014.

Chung Hong-Won resigned as Prime Minister on 27 April 2014 taking responsibility for the government’s inability and untimely response to the ferry disaster. President Park accepted the resignation and asked him to remain in the job until a new Prime Minister was found.