Bilateral Trade MCQ — 101 Practice Questions with Answers

Explanation

The Assertion is true because imports from Vietnam were higher than exports to Vietnam, creating a trade deficit for India. The Reason is also true: imports were US$ 10,334.51 million and exports were US$ 5,428.91 million. Since that import-export gap is exactly why the deficit exists, the Reason correctly explains the Assertion.

Explanation

The Assertion is true because the cited meeting was held in Kathmandu on 10-11 January 2025. The Reason is also true because the meeting was on India-Nepal trade, transit and cooperation to control unauthorised trade. However, the subject of the meeting does not explain why it was held at that venue on those dates, so both statements are true but the explanatory link is not established.

Explanation

Statement 1 is correct because India-Myanmar trade was US$ 2,148.26 million. Statement 3 is correct because India's imports from Myanmar were US$ 1,533.96 million. Statement 2 is wrong because exports were US$ 614.30 million, lower than imports.

Explanation

For India-Algeria in April-October 2025, total bilateral trade was US$ 852.17 million, exports were US$ 551.87 million and imports were US$ 300.30 million. Any pairing that assigns US$ 551.87 million to total trade, US$ 300.30 million to exports, or US$ 852.17 million to imports reverses the reported components.

Explanation

The correct pairing is enhanced access for sectors such as minerals, chemicals, base metals, machinery, plastics/rubber and auto components, and Oman's import market size as USD 28+ billion. Pairing the sector list with the market-size entry, or repeating the same side for both, breaks the cited description.