Q. Generalized System of Preferences (GSP) was seen in the news recently, is associated with:

[A] Providing duty-free access to certain goods from developing countries to the U.S. market.

[B] Establishing a global framework for regulating digital currencies.

[C] Implementing international standards for cybersecurity in financial institutions.

[D] Coordinating global efforts to combat climate change through carbon trading mechanisms

Answer: A
Notes:

Explanation – The Generalized System of Preferences (GSP) is a trade preference program established by the United States to provide duty-free access to certain goods from developing countries. This program aims to promote economic growth and development in these countries by increasing their exports to the U.S. market.

Source: The Hindu

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