Current Affairs & MCQs
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MCQs 2026

1311.
What will member states develop to incorporate the updated TFA provisions?
A International trade sanctions
B National action plans
C New trade tariffs
D Regional trade blocs
1312.
What is expected to be a result of the strengthened TFA implementation?
A A less inclusive global trading system
B A more inclusive and efficient global trading system
C Increased trade costs for all nations
D Reduced international trade volumes
1313.
What kind of support will be increased for LDCs to fully implement the TFA?
A Only political support
B Increased financial and technical support
C Only training programs
D Reduced customs duties
1314.
The WTO Director-General stated that a fully implemented TFA benefits all members by:
A Increasing trade barriers
B Reducing trade barriers and fostering economic growth
C Limiting international trade
D Creating new trade disputes
1315.
What new provisions were agreed upon to address the digitalization of trade?
A Restrictions on e-commerce
B Provisions for electronic payments, single windows, and risk management systems
C Mandatory physical submission of all trade documents
D Increased customs duties on digital goods
1316.
What persistent challenges were identified during the TFA review?
A Lack of interest in trade facilitation
B Challenges in areas requiring technical assistance and capacity building for LDCs
C Overly strict customs procedures
D High costs of international shipping
1317.
The review of the TFA highlighted significant progress in its implementation, particularly for:
A Developed countries
B Least-developed countries (LDCs)
C Developing countries
D Emerging economies
1318.
When did the Trade Facilitation Agreement (TFA) enter into force?
A 2015
B 2016
C 2017
D 2018
1319.
What is the primary objective of the Trade Facilitation Agreement (TFA)?
A To increase tariffs on imported goods
B To streamline customs procedures, reduce trade costs, and enhance transparency
C To promote protectionist trade policies
D To restrict the movement of goods across borders
1320.
What agreement did the World Trade Organization (WTO) conclude a review of on March 20, 2026?
A The Agreement on Agriculture
B The Trade Facilitation Agreement (TFA)
C The Agreement on Services
D The Agreement on Intellectual Property Rights