Indian & World Geography·Prelims Questions

International Trade — Prelims Questions

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Version 1Updated 5 Mar 2026

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Q1medium

Consider the following statements about the Regional Comprehensive Economic Partnership (RCEP): 1. It includes all ASEAN countries and their major trading partners. 2. India is a founding member of RCEP. 3. It covers approximately 30% of global GDP and population. 4. It includes provisions for e-commerce and digital trade. Which of the statements given above are correct?

Q2hard

Which of the following best explains the concept of 'trade diversion' in the context of regional trade agreements?

Q3medium

Consider the following pairs: Trade Agreement - Key Feature 1. NAFTA - Common external tariff 2. ASEAN - Free movement of goods and services 3. EU - Single currency 4. MERCOSUR - Customs union Which of the pairs given above are correctly matched?

Q4easy

The 'Most Favored Nation' (MFN) principle under WTO means:

Q5medium

Which of the following factors best explains why Japan imports raw materials and exports manufactured goods?