UPSC Prelims Practice Questions — Revised pact with U.K. could save $500 million for Indians
Q1. The India-UK Comprehensive Economic and Trade Agreement (CETA), which is set to enter into force on 15 July 2026, was signed on behalf of the Government of India by the Union Minister heading which one of the following ministries?
- A. Ministry of Commerce and Industry
- B. Ministry of External Affairs
- C. Ministry of Finance
- D. Ministry of Labour and Employment
Q2. In the Government of India, which one of the following ministries is the nodal ministry for operationalising the India-UK Double Contribution Convention (Agreement on Social Security) that enters into force on 15 July 2026?
- A. Ministry of Labour and Employment
- B. Ministry of Commerce and Industry
- C. Ministry of External Affairs
- D. Ministry of Corporate Affairs
Q3. In the context of the India-UK pact entering into force on 15 July 2026, what does the term 'Double Contribution Convention' precisely refer to?
- A. A bilateral social security agreement that exempts a temporarily-posted worker from making social security contributions in the host country, provided contributions continue in the home country
- B. A double-taxation avoidance agreement that prevents an individual's wage income from being taxed in both the home and the host country
- C. A bilateral framework under which both governments jointly contribute matching amounts to the pension fund of a cross-border worker
- D. A treaty requiring employers to make doubled provident-fund contributions for employees deputed to the partner country