Possible impact of WTO on various aspects of the Indian economy. 1. Quantitative restriction will be allowed. 2. Secondhand cars will be imported. 3. There will be dumping of Chinese goods. 4. Increase in population. 5. Child labour exploitation. 6. Unemployment will increase. Which of the combination is correct?

The correct answer is C. 2, 3 and 6.

Quantitative restrictions are not allowed under WTO rules. Secondhand cars can be imported, but they must meet certain safety and environmental standards. There is a risk of dumping of Chinese goods, which could lead to job losses in India. Unemployment may increase as a result of increased competition from imports.

Option A is incorrect because quantitative restrictions are not allowed under WTO rules. Option B is incorrect because child labor exploitation is not a direct result of WTO rules. Option D is incorrect because population growth is not a direct result of WTO rules.

Here are some additional details about each of the possible impacts of WTO on various aspects of the Indian economy:

• Quantitative restrictions are limits on the quantity of goods that can be imported into a country. They are often used to protect domestic industries from foreign competition. However, quantitative restrictions are not allowed under WTO rules. This means that India cannot use them to protect its domestic car industry from imports of secondhand cars from other countries.
• Secondhand cars can be imported into India, but they must meet certain safety and environmental standards. This is to ensure that they do not pose a risk to the safety of Indian consumers or the environment.
• There is a risk of dumping of Chinese goods in India. Dumping occurs when a country sells goods in another country at a price that is below the cost of production. This can lead to job losses in the importing country, as local businesses are unable to compete with the low prices of the imported goods.
• Unemployment may increase as a result of increased competition from imports. This is because Indian businesses may not be able to compete with the low prices of imported goods. As a result, they may be forced to lay off workers.

Overall, the possible impacts of WTO on various aspects of the Indian economy are complex and varied. Some of the potential impacts could be positive, while others could be negative. It is important to carefully consider all of the potential impacts before making a decision about whether or not to join the WTO.