UPSC Prelims Practice Questions — End in sight

Question 1

With reference to the India–US Bilateral Trade Agreement (BTA) process and the Interim Trade Agreement framework announced in February 2026, consider the following statements: 1. The broader US–India BTA negotiations were formally launched by Prime Minister Modi and President Trump in February 2025. 2. Under the February 2026 interim framework, the United States reduced its reciprocal tariff on Indian goods from 50% to 25%. 3. The February 2026 framework removes United States tariffs on certain aircraft and aircraft parts of Indian origin. Which of the statements given above is/are correct?

Accepted Answer

1 and 3 only

Answer

1 and 2 only

Answer

2 and 3 only

Answer

1, 2 and 3

Question 2

The broader US–India Bilateral Trade Agreement (BTA), to which the February 2026 Interim Trade Agreement framework reaffirms commitment, was originally launched by the leaders of the two countries in which year?

Accepted Answer

2025

Answer

2023

Answer

2024

Answer

2026

Question 3

On the Indian side, negotiations for the India–US Bilateral Trade Agreement and the February 2026 Interim Trade Agreement framework are led by which Union Ministry?

Accepted Answer

Ministry of Commerce and Industry

Answer

Ministry of External Affairs

Answer

Ministry of Finance

Answer

NITI Aayog

Question 4

Under the India–US Interim Trade Agreement framework announced in February 2026, India committed to purchase U.S. energy products, aircraft and aircraft parts, precious metals, technology products and coking coal worth approximately how many billion U.S. dollars over the next five years?

Accepted Answer

$500 billion

Answer

$250 billion

Answer

$350 billion

Answer

$750 billion

UPSC Prelims Practice Questions — End in sight

Q2. The broader US–India Bilateral Trade Agreement (BTA), to which the February 2026 Interim Trade Agreement framework reaffirms commitment, was originally launched by the leaders of the two countries in which year?

Q3. On the Indian side, negotiations for the India–US Bilateral Trade Agreement and the February 2026 Interim Trade Agreement framework are led by which Union Ministry?

Q4. Under the India–US Interim Trade Agreement framework announced in February 2026, India committed to purchase U.S. energy products, aircraft and aircraft parts, precious metals, technology products and coking coal worth approximately how many billion U.S. dollars over the next five years?