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Topic number 14 | New international economic order and monetary law: WTO, TRIPS,
GATT, IMF, World Bank.
Previous Year Question paper analysis – Lawxpertsmv India

YEAR QUESTION MARKS/ CONCEPT

Q.No.
2022 What is the most favoured means of 15/Q8(b) Most Favored Nation,
decision-making at World Trade Decision Making
Organisation? Under what
circumstances can decisions be
taken by Majority votes? Which
decisions require super majority
votes? Is there a need to reform the
decision-making process? Discuss.
2021 Discuss the United Nations 15/Q7(b) New International
Declaration on the establishment of Economic Order.
a New International Economic
Order along with the Charter of
Economic Rights and Duties of
States.
2020 1. A WTO member country “X” 10/Q5(b) WTO and GATT
agrees with a non-member country
“Y” to reduce the tariff on product
“A” to 7 percent. Can the WTO
members claim the same tariff level
on like product “A” from country
“X”? How have the dispute
settlement bodies defined the “like
product” in Article I-1 of GATT?
2. Explain in detail the anti-
dumping provisions under GATT
and WTO. What are the methods 15/Q7(c)
laid down for determination of

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“anti-dumping” and “material

injury”?
2019 Explain the historical evolution, 15/Q8(c) GATT
objectives and main principles of
the General Agreement on Tariffs
and Trade (GATT).
2018 1. It is generally viewed that “what 15/Q8(c) WTO
the UN did in the 20th century fruit
maintenance of peace and security,
the WTO is going to play the same
role in economic and trade relations
in the 21st century.” Discuss the
above statement in view of
changing motion of political
sovereignty to economic
sovereignty of the States. 10/Q5(e) IMF and IBRD
2. Do you agree with the statement
‘the Globalization is a necessary
evil’? Critically examine the
implications of the reform process
undertaken by the IMF and IBRD by
way of structural adjustment
programmes and policies on
developing countries, with special
reference to India
2017 The Dispute Settlement Body (DSB) 15/Q6(b) WTO
of the World Trade Organization
(WTO) is playing an important role
in maintaining the stability of the
global economy. Comment.
2016 ----- - -
2015 ----

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2014 1. In several respects the TRIPS 15/Q6(b) TRIPS and GATT

Agreement goes beyond the
traditional GATT approach and
further develops the law of
International Trade’. Examine the
important achievement of the
Agreements on Trade Related
Aspects of Intellectual Property
Rights. 20/Q7(a) WTO
2. What are the objectives, structure
and functioning of World Trade
Organisation? Does signing and
ratifying WTO undermine the
Parliamentary Autonomy of India?
Discuss
2013 -------

2012 In the light of recent European 30/Q7(b) Regional Co-operation

crisis, critically assess the success of
regional
organisations of countries for
cooperation in matters of trade and
commerce. How far do geo-political
proximities further economic
cooperation?
2011 -----
2010 1. How would you react to the 30/Q7(b) WTO and TRIPS
statement that TRIPS agreement on
the one hand is a historic act but on
the other hand it failed to achieve
the goals of improving trading
powers and trade issues of the least
developed countries? Comment.

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2. Comment on the statement that

‘WTO’ is the main organ for 20/Q5(c)
implementation of Multilateral
Trade Agreements and is the third
economic pilar of the worldwide
trade
and commerce
2009 -------------- -- --
2008 1. Explain the need, objectives and 30/Q6(b) IMF and IBRD
outcome of the Bretton woods
conference of 1944. Discuss the
similarities and distinctions
between the International Monetary
Fund (IMF) and the ‘International
Bank for Reconstruction and
Development (IBRD)’. Critically
examine the role of the IMF and
IBRD initiatives in the liberalization,
privatization and globalization of
economies, while focus sign on the
problems of the
developing countries. 20/Q5(c) Third World Countries

2. Explain the concept and

characteristics of “Third World
Countries”. Critically examine the
demands and the achievements of WTO
“Third World Countries” in shaping 10/Q8(b)
New International Economic Order.
3. Notes on India’s accession to the
WTO: Pros and Cons

4. “International Organizations are

very important to International

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Trade Law.” Examine the role of

relevant International
Organizations involved in the ITO & Trade Law
development of International Trade 30/Q6(a)
Law
2007 ----
2006 WTO aims at progressive 30/Q8(a) WTO
liberalisation of world trade in
goods and services and protection
of intellectual property rights.
Explain. How WTO is a facility
extending the institutional structure
of GATT?
2005 ----
2004 ----- - -
2003 WTO and TRIPS 10/Q8(c) WTO
2002 What will be the eclipsing reach of 20/Q6(b) WTO and GATT
the proposals in the WTO and the
GATT Final Act on the Municipal law
in India?
2001 -----
2000 ----- - -

ANALYSIS OF INTERNATIONAL ECONOMIC ORDER AND MONETARY LAW FOR UPSC

LAW OPTIONAL MAINS

• In past 20 years of UPSC Law Optional Mains exam questions on International

Economic Order and Monetary Law was asked in 11 years altogether making 17
questions. Yes! 2 questions in WTO and GATT in 2008, 2014, 2018 and 2020 and
3 questions in all categories like IMF, IBRD and WTO in the year 2008
Therefore its an important topic which shall not be skipped.
By glancing the above questions and identifying their core concepts we can observe the
following

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1. WTO
2. GATT
3. TRIPS related questions
are the major concepts that shall never be skipped while reading the International
Economic Order and Monetary Law for UPSC Law Optional Mains.

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