Q1. During the February 8, 2026 Lok Sabha Budget Session, the Opposition questioned the India-US Interim Trade Agreement on the grounds that India's customs duty cuts were — ?
A Constitutionally invalid as they bypassed Parliament's ratification
B Unilateral concessions that could harm domestic manufacturing sectors Correct
C In violation of WTO Most Favoured Nation obligations
D Discriminatory against ASEAN partner countries
Explanation
Opposition members, led by Congress, argued that India's customs duty reductions under the India-US Interim Trade Agreement were unilateral concessions without equivalent benefits, potentially harming domestic sectors like electronics, pharmaceuticals, and agriculture. The US tariff was reduced from 25% to 18%.