UPSC Prelims Practice Questions — The cumulative exports (merchandise & services) during April-February 2025-26 is estimated at US$ 790.86 Billion, as compared to US$ 747.58 Billion in April-February 2024-25, an estimated growth of 5.79%.

Question 1

The combined headline figure of India's total exports (merchandise and services) is released through the monthly trade data release of which one of the following ministries?

Accepted Answer

Ministry of Commerce and Industry (Department of Commerce)

Answer

Ministry of Finance (Department of Economic Affairs)

Answer

Ministry of Statistics and Programme Implementation

Answer

Ministry of External Affairs (Economic Diplomacy Division)

Question 2

The 'total exports' headline (merchandise + services) in India's monthly trade release is built by aggregating data from how many distinct primary source institutions?

Accepted Answer

Two

Answer

One

Answer

Three

Answer

Four

Question 3

Under the Foreign Trade Policy 2023, the scheme 'RoDTEP' refers to which one of the following?

Accepted Answer

Remission of Duties and Taxes on Exported Products

Answer

Rebate of Direct Taxes and Excise on Priority Exports

Answer

Reimbursement of Domestic Transport and Export Premiums

Answer

Refund of Duties on Re-exported and Transhipped Products

Question 4

The Foreign Trade Policy 2023 is built on four key pillars. Which one of the following is identified as the foundational shift in approach on which the policy is primarily premised?

Accepted Answer

Transition from 'Incentive' to 'Remission'

Answer

Export promotion through collaboration with States and Districts

Answer

Ease of doing business and e-initiatives

Answer

Developing emerging areas such as e-commerce exports

Question 5

In the context of India's trade data, the term 'merchandise trade deficit' is most precisely defined as which one of the following?

Accepted Answer

The excess of merchandise imports over merchandise exports in a given period

Answer

The excess of total imports (goods and services) over total exports in a given period

Answer

The negative balance on the entire current account of the balance of payments

Answer

The shortfall of merchandise exports against the export target fixed under the FTP

Question 6

'Non-petroleum' merchandise exports are computed by excluding petroleum product exports, which are largely contributed by domestic refiners regulated primarily under which one of the following ministries?

Accepted Answer

Ministry of Petroleum and Natural Gas

Answer

Ministry of Commerce and Industry

Answer

Ministry of Heavy Industries

Answer

Ministry of Mines

Question 7

Among the following fiscal years, which one recorded the highest cumulative exports (merchandise plus services) on a full-year basis?

Accepted Answer

FY 2025-26

Answer

FY 2022-23

Answer

FY 2023-24

Answer

FY 2024-25

Question 8

The 'Red Sea disruption' cited as a headwind for Indian export logistics during 2025-26 refers to security threats to shipping at the southern entrance of the Red Sea, which lies at which one of the following maritime chokepoints?

Accepted Answer

Bab-el-Mandeb Strait

Answer

Strait of Hormuz

Answer

Strait of Malacca

Answer

Palk Strait

Question 9

Merchandise and services exports are recorded within the current account of India's balance of payments. The current account, as conventionally classified, comprises how many broad components?

Accepted Answer

Four

Answer

Two

Answer

Three

Answer

Five

UPSC Prelims Practice Questions — The cumulative exports (merchandise & services) during April-February 2025-26 is estimated at US$ 790.86 Billion, as compared to US$ 747.58 Billion in April-February 2024-25, an estimated growth of 5.79%.

Q1. The combined headline figure of India's total exports (merchandise and services) is released through the monthly trade data release of which one of the following ministries?

Q2. The 'total exports' headline (merchandise + services) in India's monthly trade release is built by aggregating data from how many distinct primary source institutions?

Q3. Under the Foreign Trade Policy 2023, the scheme 'RoDTEP' refers to which one of the following?

Q4. The Foreign Trade Policy 2023 is built on four key pillars. Which one of the following is identified as the foundational shift in approach on which the policy is primarily premised?

Q5. In the context of India's trade data, the term 'merchandise trade deficit' is most precisely defined as which one of the following?

Q6. 'Non-petroleum' merchandise exports are computed by excluding petroleum product exports, which are largely contributed by domestic refiners regulated primarily under which one of the following ministries?

Q7. Among the following fiscal years, which one recorded the highest cumulative exports (merchandise plus services) on a full-year basis?

Q8. The 'Red Sea disruption' cited as a headwind for Indian export logistics during 2025-26 refers to security threats to shipping at the southern entrance of the Red Sea, which lies at which one of the following maritime chokepoints?

Q9. Merchandise and services exports are recorded within the current account of India's balance of payments. The current account, as conventionally classified, comprises how many broad components?