Home Current Affairs (January-March 2025) MCQs

Question

A significant development in global trade during January-March 2025 was the renewed focus on:

  1. Protectionism and trade wars
  2. Regional trade agreements and supply chain diversification
  3. Abandoning multilateral trade organizations like the WTO
  4. Complete reliance on bilateral trade with China

Answer:

Option B: Regional trade agreements and supply chain diversification

Detailed Solution:

The correct answer is “Regional trade agreements and supply chain diversification”.

Given recent global trends, a renewed focus on regional trade agreements and diversifying supply chains is the most likely development.