Ten MCQs on current International and national events - 90

PRERNA FOR IAS

(ASSOCIATE OF SAMKALP)

   A-Category MCQs -90

Q1. India–U.S. interim trade negotiations have primarily focused on:

1. Market access
2. Supply chains
3. Digital trade
4. Investment facilitation

Select the correct answer:

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1, 2 and 4 only
(d) 1, 2, 3 and 4

Correct Answer: (d) 1, 2, 3 and 4

Explanation: The proposed India–U.S. interim trade agreement covers tariffs, market access, digital trade, supply-chain cooperation and investment facilitation. Both countries view economic cooperation as an important pillar of their broader strategic partnership. However, India remains cautious regarding agriculture and domestic manufacturing interests. UPSC often asks questions connecting trade policy with economic diplomacy. Understanding the objectives and challenges of trade negotiations is important because they influence employment, exports, investment and long-term economic competitiveness.

Q2. India's trade surplus with the United States reportedly declined mainly because:

(a) Indian exports increased sharply
(b) Imports from the U.S. increased significantly
(c) The U.S. stopped importing Indian goods
(d) India imposed higher tariffs on all imports

Correct Answer: (b) Imports from the U.S. increased significantly