UPSC Prelims Practice Questions — India’s goods exports surge 14% in April to $43.6 billion: Centre

Question 1

In India's monthly trade releases, the term 'overall trade deficit' refers to which one of the following?

Accepted Answer

The excess of total (merchandise plus services) imports over total (merchandise plus services) exports

Answer

The excess of merchandise imports over merchandise exports only

Answer

The excess of imports over exports after adding net remittances and investment income

Answer

The excess of services imports over services exports

Question 2

The metric 'non-petroleum merchandise exports', as reported in India's trade data, is best described as which one of the following?

Accepted Answer

Total merchandise exports excluding petroleum products

Answer

Total merchandise exports excluding both petroleum products and gems & jewellery

Answer

Exports of all goods other than imported crude oil

Answer

Exports of engineering and electronic goods only

Question 3

Among the following destinations, which one recorded the highest percentage growth in India's exports in April 2026?

Accepted Answer

Sri Lanka

Answer

Singapore

Answer

Tanzania

Answer

Bangladesh

Question 4

How many times in a year does the Department of Commerce ordinarily release its headline merchandise trade figures?

Accepted Answer

12

Answer

4

Answer

6

Answer

24

Question 5

Which one of the following is the nodal department that negotiates India's Free Trade Agreements and, through its attached office, compiles India's foreign trade statistics?

Accepted Answer

Department of Commerce, Ministry of Commerce and Industry

Answer

Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry

Answer

Department of Economic Affairs, Ministry of Finance

Answer

Ministry of External Affairs

Question 6

Which one of the following is the nodal ministry for policy and planning on India's petroleum products, under which bodies such as the Petroleum Planning & Analysis Cell (PPAC) function?

Accepted Answer

Ministry of Petroleum and Natural Gas

Answer

Ministry of Commerce and Industry

Answer

Ministry of Coal

Answer

Ministry of Power

UPSC Prelims Practice Questions — India’s goods exports surge 14% in April to $43.6 billion: Centre

Q1. In India's monthly trade releases, the term 'overall trade deficit' refers to which one of the following?

Q2. The metric 'non-petroleum merchandise exports', as reported in India's trade data, is best described as which one of the following?

Q3. Among the following destinations, which one recorded the highest percentage growth in India's exports in April 2026?

Q4. How many times in a year does the Department of Commerce ordinarily release its headline merchandise trade figures?

Q5. Which one of the following is the nodal department that negotiates India's Free Trade Agreements and, through its attached office, compiles India's foreign trade statistics?

Q6. Which one of the following is the nodal ministry for policy and planning on India's petroleum products, under which bodies such as the Petroleum Planning & Analysis Cell (PPAC) function?