Can someone explain how US economic sanctions work and why are they so important? Thank you.
Not important for prelims.
But anyway: USA controls most of the global financial systems. If USA sanctions an Individual, Entity or Country - it means that American controlled financial institutions wont do business with you - they may additionally freeze your assets in their banks etc. So basically you wont be able to use your money across most of the world. For example: Iran was selling India oil, but India could not pay Iran because of American sanctions - increasing operation costs. Iranian firms cant also raise funds in international capital markets. Sometimes sanctions also mean that USA coerces countries to stop doing business with a particular entity or a country. For example, Trump admin got India to stop buying Iranian oil recently.

Answer to Question 40 is given as “C” in the key. The wetland rules incorporated Wise Use philosophy which is a recommendation of Ramsar. Why would statement 2 be wrong? Matlab kuch bhi!!



