CURRENT AFFAIRS

The WTO Agreement on Fisheries Subsidies was adopted during the 12th WTO Ministerial Conference (MC12) held in Geneva, Switzerland in June 2022.

Before the establishment of the WTO in 1995, global trade was governed by the General Agreement on Tariffs and Trade (GATT), created in 1947.

Foreign Direct Investment (FDI) is the investment made by a company or individual from one country into business operations or assets located in another country. 

A Trade Deficit, also known as a negative trade balance, occurs when the value of a country’s imports exceeds the value of its exports over a given period.

The Bretton Woods Conference, officially known as the United Nations Monetary and Financial Conference, was held in July 1944 in Bretton Woods, New Hampshire, USA.

Derivatives are financial contracts whose value is derived from an underlying asset, such as stocks, commodities, currencies, or interest rates.​

A Credit Rating Agency (CRA) is an organization that provides an independent evaluation of the creditworthiness of an issuer of debt instruments (such as bonds, loans, etc.). 

Incorporated in 1992; commenced operations in 1994.

Unified Payments Interface (UPI) is a revolutionary payment system launched in 2016 by the National Payments Corporation of India (NPCI). 

Constitution as a Non-Statutory Body: SEBI was constituted in 1988 through a Government of India resolution.​