[Mission 2022] QUIZ – 2021: Insights Current Affairs Quiz , 12 January 2022

Solution: b)

What are the benefits of ‘developing country’ tag?

Certain WTO agreements give developing countries special rights through ‘special and differential treatment’ (S&DT) provisions, which can grant developing countries longer timeframes to implement the agreements and even commitments to raise trading opportunities for such countries.

WTO pacts are often aimed at reduction in government support to certain industries over time and set more lenient target for developing nations and grant them more time to achieve these targets compared to developed ones.

The classification also allows other countries to offer preferential treatment.

LDCs are often exempted from certain provisions of WTO pacts. Bangladesh, currently classified as an LDC, receives zero duty, zero quota access for almost all exports to the EU.

Source

Solution: b)

The WTO has not defined ‘developed’ and ‘developing’ countries and therefore member countries are free to announce whether they are ‘developed’ or ‘developing’.

It is WTO’s duty to review and propagate the national trade policies and to ensure the coherence and transparency of trade policies through surveillance in global economic policy-making. Another priority of the WTO is the assistance of developing, least-developed and low-income countries in transition to adjust to WTO rules and disciplines through technical cooperation and training.

Source

Solution: b)

In simplest terms, edge computing moves some portion of storage and compute resources out of the central data center and closer to the source of the data itself. Edge computing brings data processing closer to the data source.

It involves placing computational power closer to the user in the network and have high applicability in IoT-based applications, which require processing of the data in less time.

Given that the processing happens locally at the ‘edge’ the latency (time taken to input, process and output the data) is low compared to cloud based services.

Given the data is locally collected in edge computing environment it is not suitable for Big Data Analytics

which require large volumes of data.

Solution: d)

The Mekong begins on the Tibetan Plateau and runs for more than 2,600 miles through China, Myanmar, Thailand, Laos, Cambodia, and Vietnam before emptying into the South China Sea.

The capital of Laos, and the capital of Cambodia both stand on its banks.

Solution: d)

Non-tariff measure (NTMs) are defined as policy measures, other than ordinary customs tariffs, that can potentially have an economic effect on international trade in goods, changing quantities traded, or prices or both.

As a result, NTMs cover a broad range of policies including traditional trade policy instruments, such as quotas or price controls.

However, they also comprise technical regulatory measures that pursue important non-trade objectives that relate to health and environmental protection, such as Sanitary and Phytosanitary (SPS) measures and Technical Barriers to Trade (TBT).