MCQ Test: India Forges New Trade Alliances, Diversifies Exports, and Focuses on Economic Transformation

1. Which research report highlighted India's increasing diversification of merchandise exports beyond the United States?

A) Reserve Bank of India Survey B) NITI Aayog Report C) SBI Research Report D) Ministry of Commerce Analysis

2. What is the total financial allocation approved by the Indian government to support exporters and enhance their global competitiveness, including credit guarantees?

A) ₹20,000 crore B) ₹45,060 crore C) ₹65,060 crore D) ₹25,000 crore

3. According to the content, which of the following labor-intensive sectors in India are significantly impacted by high tariffs in export markets?

A) Pharmaceuticals, Automotive, Software B) Textiles, Jewelry, Seafood C) Heavy Machinery, Chemicals, Steel D) Renewable Energy, IT Services, Biotechnology

4. India and Israel are considering implementing their proposed Free Trade Agreement (FTA) in how many phases?

A) Single phase B) Two phases C) Three phases D) Multiple staggered phases

5. What is a key objective behind the two-phase approach for the India-Israel FTA, as mentioned in the text?

A) To allow more time for political consensus B) To secure early benefits while avoiding sensitive sectors C) To integrate defense and security clauses first D) To prioritize technology transfer over goods market access

6. Union Commerce and Industry Minister Piyush Goyal recently visited Israel to discuss deepening bilateral engagement in several sectors. Which of the following was NOT explicitly mentioned as a sector of discussion?

A) Agriculture B) Water C) Space Exploration D) Defense

7. India and Canada are reviving negotiations for which type of comprehensive trade agreement?

A) Bilateral Investment Treaty (BIT) B) Preferential Trade Agreement (PTA) C) Comprehensive Economic Partnership Agreement (CEPA) D) Free Trade Zone (FTZ)

8. Under the proposed India-Canada CEPA, what is the target for two-way trade by 2030?

A) $30 billion B) $50 billion C) $70 billion D) $100 billion

9. Who is the Managing Director & CEO of Invest India, who emphasized the critical role of FDI and MSMEs in accelerating India's economic growth?

A) Piyush Goyal B) Nivruti Rai C) Mark Carney D) Benjamin Netanyahu

10. According to Invest India, which of the following is NOT a critical factor for accelerating India's economic growth and doubling GDP?

A) High-quality Foreign Direct Investment (FDI) B) Technological collaboration C) Rapid scaling of Micro, Small, and Medium Enterprises (MSMEs) D) Increased reliance on public sector undertakings (PSUs)

11. What was identified as the primary reason for the Indian banking sector's operating profit decline in July-September, after 13 quarters of growth?

A) Global economic slowdown B) Increase in non-performing assets C) Sluggish net interest income growth D) Higher taxation rates for banks

12. The upcoming new labor codes are expected to boost which type of employment across various industries?

A) Contractual employment B) Permanent employment C) Fixed-term employment D) Gig economy employment

13. Which specific sector is mentioned as potentially seeing a 5-10% payroll hike due to the new labor codes?

A) Manufacturing sector B) Agricultural sector C) IT firms D) Retail industry

ALL TN Comp Exams Prep

India Forges New Trade Alliances, Diversifies Exports, and Focuses on Economic Transformation

Your Score: 0 / 0

1. Which research report highlighted India's increasing diversification of merchandise exports beyond the United States?

2. What is the total financial allocation approved by the Indian government to support exporters and enhance their global competitiveness, including credit guarantees?

3. According to the content, which of the following labor-intensive sectors in India are significantly impacted by high tariffs in export markets?

4. India and Israel are considering implementing their proposed Free Trade Agreement (FTA) in how many phases?

5. What is a key objective behind the two-phase approach for the India-Israel FTA, as mentioned in the text?

6. Union Commerce and Industry Minister Piyush Goyal recently visited Israel to discuss deepening bilateral engagement in several sectors. Which of the following was NOT explicitly mentioned as a sector of discussion?

7. India and Canada are reviving negotiations for which type of comprehensive trade agreement?

8. Under the proposed India-Canada CEPA, what is the target for two-way trade by 2030?

9. Who is the Managing Director & CEO of Invest India, who emphasized the critical role of FDI and MSMEs in accelerating India's economic growth?

10. According to Invest India, which of the following is NOT a critical factor for accelerating India's economic growth and doubling GDP?

11. What was identified as the primary reason for the Indian banking sector's operating profit decline in July-September, after 13 quarters of growth?

12. The upcoming new labor codes are expected to boost which type of employment across various industries?

13. Which specific sector is mentioned as potentially seeing a 5-10% payroll hike due to the new labor codes?

India Forges New Trade Alliances, Diversifies Exports, and Focuses on Economic Transformation

Your Score: 0 / 0

1. Which research report highlighted India's increasing diversification of merchandise exports beyond the United States?

2. What is the total financial allocation approved by the Indian government to support exporters and enhance their global competitiveness, including credit guarantees?

3. According to the content, which of the following labor-intensive sectors in India are significantly impacted by high tariffs in export markets?

4. India and Israel are considering implementing their proposed Free Trade Agreement (FTA) in how many phases?

5. What is a key objective behind the two-phase approach for the India-Israel FTA, as mentioned in the text?

6. Union Commerce and Industry Minister Piyush Goyal recently visited Israel to discuss deepening bilateral engagement in several sectors. Which of the following was NOT explicitly mentioned as a sector of discussion?

7. India and Canada are reviving negotiations for which type of comprehensive trade agreement?

8. Under the proposed India-Canada CEPA, what is the target for two-way trade by 2030?

9. Who is the Managing Director & CEO of Invest India, who emphasized the critical role of FDI and MSMEs in accelerating India's economic growth?

10. According to Invest India, which of the following is NOT a critical factor for accelerating India's economic growth and doubling GDP?

11. What was identified as the primary reason for the Indian banking sector's operating profit decline in July-September, after 13 quarters of growth?

12. The upcoming new labor codes are expected to boost which type of employment across various industries?

13. Which specific sector is mentioned as potentially seeing a 5-10% payroll hike due to the new labor codes?

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