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International Trade MCQ — 2 Practice Questions with Answers

Practice 2 International Trade multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

2 Questions Current Affairs

Practice Questions

Q1. On December 22, 2025, India and New Zealand concluded negotiations for a comprehensive Free Trade Agreement. What market access has New Zealand offered India under the FTA?

A 50% tariff reduction over 10 years
B Zero-duty market access on 100% of New Zealand's tariff lines for Indian exports Correct
C Phased tariff cuts limited to textiles only
D Only services market access, no goods

Explanation

New Zealand will grant zero-duty market access on 100 percent of its tariff lines covering Indian exports under the FTA concluded on December 22, 2025, Commerce Minister Piyush Goyal announced, benefiting farmers, MSMEs and labour-intensive sectors.

Q2. Which sector has India firmly excluded from market access under the India-New Zealand FTA concluded on December 22, 2025?

A Textiles
B Information Technology services
C Dairy and select sensitive farm products Correct
D Footwear

Explanation

Commerce and Industry Minister Piyush Goyal firmly stated on December 22, 2025 that India has excluded dairy and select sensitive farm products from the FTA, and India will never open up the dairy sector under any FTA, to protect small farmers and the domestic industry.

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Frequently Asked Questions

How many International Trade MCQ questions are available?
There are 2 International Trade practice MCQs available on Aspirant Academy, with detailed answers and explanations for each question.
Are answers and explanations provided for International Trade MCQs?
Yes, every International Trade question comes with the correct answer and a detailed explanation to help you understand the underlying concept.
How is International Trade relevant to the RAS/RPSC exam?
International Trade falls under the Current Affairs section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.
Can I practice International Trade questions in Hindi?
Yes, Aspirant Academy offers bilingual support. You can practice International Trade MCQs in both English and Hindi, including questions, options, and explanations.

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