PYQ Drill 3

The Correct answer is Option 1.

Key Points

The European Union (EU) enacted the Nature Restoration Law (NRL) as part of its broader environmental strategy.

This landmark legislation aims to restore at least 20% of the EU’s land and sea areas by 2030, with further goals to restore all ecosystems in need by 2050.

It is a key component of the EU’s Biodiversity Strategy for 2030 and the European Green Deal, reflecting the EU’s commitment to reversing biodiversity loss and enhancing ecosystem resilience

The correct answer is option 3, i.e The European Union.

The General Data Protection Regulation (EU) (“GDPR”) is a regulation in EU law on data protection and privacy for its citizens of the European Union (EU) and the European Economic Area (EEA).

The EU GDPR replaces the Data Protection Directive and started the implementation of it from 25th May 2018.

It also addresses the export of personal data outside the EU and EEA areas.

The correct answer is option 1 i.e European Union

Broad-based Trade and Investment Agreement (BTIA)

On 28th June 2007, India and the EU began negotiations on a broad-based Bilateral Trade and Investment Agreement (BTIA) in Brussels, Belgium. Hence option 1 is correct.

India and the EU expect to promote bilateral trade by removing barriers to trade in goods and services and investment across all sectors of the economy.

Both parties believe that a comprehensive and ambitious agreement that is consistent with WTO rules and principles would open new markets and would expand opportunities for Indian and EU businesses.

The negotiations cover the trade-in Goods, Trade in Services, Investment, Sanitary and Phytosanitary Measures, Technical Barriers to Trade, Trade Remedies, Rules of Origin, Customs and Trade Facilitation, Competition, Trade Defence, Government Procurement, Dispute Settlement, Intellectual Property Rights & Geographical Indications, Sustainable Development.

The issue involved in this negotiation is that the EU wanted to labour, environment and government procurement to be included in the talks and India’s demand for an easier work visa and study visa norms as well as data secure status, that would make it easier for European companies to outsource business to India, was also not received enthusiastically by the EU countries

The correct answer is the option 3.

Key Points

Digital Single Market Strategy

Announced by the Juncker Commission (2015):

The Digital Single Market Strategy was introduced by the European Union (EU) to strengthen its digital economy.

Scope:

It covers areas such as Telecommunications, Digital Marketing, and E-commerce.

Hence, option 3 is correct.

Three Pillars of the Strategy

Developing Digital Networks and Services:

Enhance the infrastructure and services required for digital networks.

Boosting the European Digital Economy:

Foster economic growth by leveraging digital technology.

Ensuring Access to Online Products and Services:

Improve consumer access to digital goods and services across the EU.

The correct answer is option 1 i.e 1 and 2 only.

The Global Climate Change Alliance (GCCA) was established by the European Union (EU) in 2007 to strengthen dialogue and cooperation with developing countries, in particular least developed countries (LDCs) and small island developing States (SIDS). (Hence statement 1 is correct)

The GCCA also provides technical and financial support to partner countries to integrate climate change into their development policies and budgets, and to implement projects that address climate change on the ground, promoting climate-resilient, low-emission development. (Hence statement 2 is correct)

By fostering effective dialogue and cooperation on climate change, the Alliance helps to ensure that poor developing countries most vulnerable to climate change increase their capacities to adapt to the effects of climate change, in support of the achievement of the Millenium Development Goals (MDGs).

There is no mention of WRI and WBCSD at the official partner’s page of GCCA, even though a lot of other institutions are mentioned like FAO, UNDP etc. (Hence statement 3 is not correct)