UPSC Prelims Practice Questions — Opposition MPs question Centre on India-U.S. trade deal in Rajya Sabha

Question 1

Which one of the following Union Ministries is the nodal ministry that operationalises India's side of the 2026 India–U.S. Interim Trade Agreement?

Accepted Answer

Ministry of Commerce and Industry

Answer

Ministry of External Affairs

Answer

Ministry of Finance

Answer

Ministry of Micro, Small and Medium Enterprises

Question 2

In the context of the 2026 India–U.S. Interim Trade Agreement, what is the flagship bilateral initiative under which the two countries have set their primary headline bilateral trade target?

Accepted Answer

Mission 500

Answer

India–U.S. Trade Policy Forum (TPF)

Answer

India–U.S. CEO Forum

Answer

India–U.S. 2+2 Strategic Trade Dialogue

Question 3

In the context of the 2026 India–U.S. Interim Trade Agreement, the term 'reciprocal tariff' as used by the United States refers to:

Accepted Answer

A duty imposed by the U.S. calibrated to match the tariff and non-tariff barriers that the partner country applies on equivalent U.S. exports

Answer

A WTO Most-Favoured-Nation bound tariff applied uniformly to all trading partners

Answer

An anti-dumping duty imposed when imports are priced below normal value in the exporter's home market

Answer

A countervailing duty levied to offset specific export subsidies given by the exporter's government

Question 4

As per the 2026 India–U.S. Interim Trade Agreement, how many Indian agricultural items have been specifically listed for zero-duty entry into the United States?

Accepted Answer

10

Answer

7

Answer

8

Answer

12

UPSC Prelims Practice Questions — Opposition MPs question Centre on India-U.S. trade deal in Rajya Sabha

Q1. Which one of the following Union Ministries is the nodal ministry that operationalises India's side of the 2026 India–U.S. Interim Trade Agreement?

Q2. In the context of the 2026 India–U.S. Interim Trade Agreement, what is the flagship bilateral initiative under which the two countries have set their primary headline bilateral trade target?

Q3. In the context of the 2026 India–U.S. Interim Trade Agreement, the term 'reciprocal tariff' as used by the United States refers to:

Q4. As per the 2026 India–U.S. Interim Trade Agreement, how many Indian agricultural items have been specifically listed for zero-duty entry into the United States?