Trade Agreements MCQ — 5 Practice Questions with Answers

Explanation

EFTA countries pledged USD 100 billion in FDI over 15 years — USD 50 billion in the first 10 years and an additional USD 50 billion in the next 5 years.

Explanation

India and the UAE signed the Comprehensive Economic Partnership Agreement (CEPA) in February 2022, which came into force on May 1, 2022. It is India's first trade agreement with a West Asian country and aims to boost bilateral trade from 60 billion USD to 100 billion USD in five years. EAM Jaishankar's April 11-12, 2026 visit reviews progress under this agreement.

Explanation

The article states EFTA nations committed to USD 100 billion in investments in India over 15 years under TEPA, while India committed to facilitate creation of 1 million direct jobs — a unique investment-linked trade mechanism.

Explanation

EFTA comprises Switzerland, Norway, Iceland and Liechtenstein. Sweden is a member of the EU, not EFTA.

Explanation

The article explicitly identifies the EFTA States as Switzerland, Norway, Iceland, and Liechtenstein, the four nations with which India's Trade and Economic Partnership Agreement entered into force on 1 October 2025.