UPSC Prelims Practice Questions — Agriculture and dairy sectors protected in India-U.S. trade deal, Goyal tells Parliament

Question 1

Which Union Minister made the formal statement in both Houses of Parliament on 5 February 2026 declaring that India's agriculture and dairy sectors had been ring-fenced from tariff concessions in the India-U.S. Interim Trade Agreement?

Accepted Answer

Piyush Goyal, Union Commerce and Industry Minister

Answer

Nirmala Sitharaman, Union Finance Minister

Answer

Shivraj Singh Chouhan, Union Agriculture Minister

Answer

S. Jaishankar, Union External Affairs Minister

Question 2

Which Union Ministry is the nodal ministry that negotiated and operationalises the India-U.S. Interim Trade Agreement (2026) on behalf of the Government of India?

Accepted Answer

Ministry of Commerce and Industry

Answer

Ministry of External Affairs

Answer

Ministry of Finance (Department of Revenue)

Answer

Ministry of Agriculture and Farmers Welfare

Question 3

Under the framework of the India-U.S. Interim Trade Agreement announced in February 2026, the two countries committed to more than double bilateral trade exclusively to which one of the following targets by 2030?

Accepted Answer

USD 500 billion

Answer

USD 200 billion

Answer

USD 300 billion

Answer

USD 1 trillion

UPSC Prelims Practice Questions — Agriculture and dairy sectors protected in India-U.S. trade deal, Goyal tells Parliament

Q1. Which Union Minister made the formal statement in both Houses of Parliament on 5 February 2026 declaring that India's agriculture and dairy sectors had been ring-fenced from tariff concessions in the India-U.S. Interim Trade Agreement?

Q2. Which Union Ministry is the nodal ministry that negotiated and operationalises the India-U.S. Interim Trade Agreement (2026) on behalf of the Government of India?

Q3. Under the framework of the India-U.S. Interim Trade Agreement announced in February 2026, the two countries committed to more than double bilateral trade exclusively to which one of the following targets by 2030?