UPSC Prelims Practice Questions — India-U.K. FTA: JLR reduces Range Rover CBU models by up to ₹75 lakh
Q1. In the context of India's automotive import regime under the India–U.K. Comprehensive Economic and Trade Agreement (CETA), 2025, the term 'CBU' refers exclusively to which one of the following?
- A. A vehicle imported in its fully assembled, ready-to-drive form across the customs border
- B. A vehicle imported in a fully dismantled state for stage-wise assembly at a domestic plant
- C. A vehicle imported as a body-shell with the powertrain to be sourced from a local supplier
- D. A vehicle imported under a temporary admission bond strictly for homologation and crash testing
Q2. The India–U.K. Comprehensive Economic and Trade Agreement (CETA), 2025, was signed on behalf of the United Kingdom by which one of the following officials?
- A. Jonathan Reynolds, Secretary of State for Business and Trade
- B. David Lammy, Secretary of State for Foreign, Commonwealth and Development Affairs
- C. Rachel Reeves, Chancellor of the Exchequer
- D. Sir Keir Starmer, Prime Minister of the United Kingdom
Q3. Following the announcement of pre-emptive price revisions by JLR India in May 2026 on account of the India–U.K. CETA, which one of the following models received the single largest absolute reduction in its ex-showroom price?
- A. Range Rover SV
- B. Range Rover Sport SV
- C. Range Rover Velar
- D. Land Rover Defender