MCQ

India Trade MCQ - Practice Questions with Answers

Solve 2 India Trade questions for RAS/RPSC preparation.

Practice questions

Q1With reference to India's merchandise trade data for May 2026, consider the following statements:\n1. India's goods exports rose by 18% to $45.2 billion, marking a six-month high.\n2. India's exports to the US, its largest market, surged by over 54% in May 2026.\nWhich of the statements given above is/are correct?

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 nor 2

Explanation

Statement 1 is correct: goods exports rose 18% to $45.2 billion in May 2026 (from $38.3 billion in May 2025), a six-month high. Statement 2 is incorrect: while imports from the US surged 54.43% to $5.87 billion, India's exports to the US, its largest market, grew by less than 1%.

Q2Match List I with List II regarding India's merchandise trade figures for May 2026:\nList I (Indicator)\nA. Goods exports value\nB. Imports value\nC. Trade deficit\nD. Imports from the US\nList II (Value)\n1. $45.2 billion\n2. $73.41 billion\n3. $28.21 billion\n4. $5.87 billion\nSelect the correct answer using the codes given below:

A A-2, B-1, C-4, D-3

B A-1, B-2, C-3, D-4

C A-3, B-4, C-1, D-2

D A-4, B-3, C-2, D-1

Explanation

As per the May 2026 trade data: Goods exports were $45.2 billion (A-1), imports were $73.41 billion (B-2), the trade deficit was $28.21 billion (C-3), and imports from the US were $5.87 billion (D-4). Hence the correct match is A-1, B-2, C-3, D-4.

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