UPSC Prelims Practice Questions — ‘U.S., India to tackle trade at G7, but deal not imminent’

Question 1

The U.S.–India Bilateral Trade Agreement (BTA) negotiations, advanced on the sidelines of the 52nd G7 Summit at Évian-les-Bains, were formally launched in which year and under whose joint announcement?

Accepted Answer

2025, jointly by PM Modi and President Trump

Answer

2023, jointly by PM Modi and President Biden

Answer

2024, jointly by PM Modi and President Biden

Answer

2026, jointly by PM Modi and President Trump

Question 2

Consider the following countries reported as partner/invitee nations to the 52nd G7 Summit (Évian-les-Bains, 15–17 June 2026):
1. Brazil
2. Kenya
3. South Korea
4. Indonesia
Which of the above is/are NOT correctly identified as a 2026 G7 invitee partner country?

Accepted Answer

4 only

Answer

1 and 2 only

Answer

2 and 3 only

Answer

1, 2 and 4

Question 3

With reference to the Framework for the Interim U.S.–India Trade Agreement announced in February 2026, consider the following statements:
1. It reduced the U.S. reciprocal tariff on a specified basket of Indian exports from 25% to 18%.
2. It included an Indian commitment to purchase about USD 500 billion of U.S. energy, aircraft, precious metals, technology and coking coal over five years.
3. It entirely eliminated all U.S. tariffs on every category of Indian exports.
Which of the statements given above is/are correct?

Accepted Answer

1 and 2 only

Answer

1 only

Answer

2 and 3 only

Answer

1, 2 and 3

Question 4

Which one of the following is the lead/nodal Indian government department conducting negotiations on the U.S.–India Bilateral Trade Agreement?

Accepted Answer

Department of Commerce, Ministry of Commerce and Industry

Answer

Department of Economic Affairs, Ministry of Finance

Answer

Ministry of External Affairs

Answer

Department for Promotion of Industry and Internal Trade (DPIIT)

Question 5

Under the Framework for the Interim U.S.–India Trade Agreement (February 2026), India committed to purchase approximately USD 500 billion of U.S. energy products, aircraft and parts, precious metals, technology products and coking coal over a period of how many years?

Accepted Answer

5 years

Answer

3 years

Answer

7 years

Answer

10 years

UPSC Prelims Practice Questions — ‘U.S., India to tackle trade at G7, but deal not imminent’

Q1. The U.S.–India Bilateral Trade Agreement (BTA) negotiations, advanced on the sidelines of the 52nd G7 Summit at Évian-les-Bains, were formally launched in which year and under whose joint announcement?

Q2. Consider the following countries reported as partner/invitee nations to the 52nd G7 Summit (Évian-les-Bains, 15–17 June 2026): 1. Brazil 2. Kenya 3. South Korea 4. Indonesia Which of the above is/are NOT correctly identified as a 2026 G7 invitee partner country?

Q4. Which one of the following is the lead/nodal Indian government department conducting negotiations on the U.S.–India Bilateral Trade Agreement?

Q5. Under the Framework for the Interim U.S.–India Trade Agreement (February 2026), India committed to purchase approximately USD 500 billion of U.S. energy products, aircraft and parts, precious metals, technology products and coking coal over a period of how many years?