Skip to content
Economics · Unit 4

Economics exam question: State the principles on which the WTO system

The question (15 marks)

State the principles on which the WTO system rests, and compare the design of SAARC and BRICS with it. Which of the three does most to constrain the conduct of its members, and why? (15 marks)

Standing MU question on Module 4 head 3. Built from chapters 22 and 23 and worked example 16.

Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.

It tests Unit 4 · External Sector of Economics.

Authorities you will need

  • Understanding the WTO
  • Charter of the South Asian Association for Regional Cooperation, Dhaka, 8 December 1985
  • brics2026.gov.in official membership material and the Ministry of External Affairs brief on BRICS
  • Competition Act 2002, s. 4, on predatory pricing, compared with the WTO rules on dumping

How an answer is marked

A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.