Trade and Economic Issues — Prelims Questions

Consider the following statements about India's trade agreements: 1. Comprehensive Economic Partnership Agreements (CEPAs) cover only goods trade liberalization 2. India withdrew from RCEP negotiations primarily due to concerns about services market access 3. The UAE-India CEPA was the first trade agreement signed by India after RCEP withdrawal 4. Rules of origin provisions are not applicable to India's bilateral trade agreements

Which of the following best describes India's approach to digital trade governance? 1. Complete data localization for all digital services 2. Balancing data sovereignty with cross-border data flows 3. Unrestricted cross-border data transfers 4. Prohibition of foreign digital service providers

The International North-South Transport Corridor (INSTC) primarily aims to: 1. Connect India with Central Asian markets through Iran 2. Provide an alternative to traditional sea routes for India-Russia trade 3. Counter China's Belt and Road Initiative in Central Asia 4. Establish India as a transit hub for European trade

Consider the following about India's WTO commitments: 1. India's bound tariff rates are generally higher than applied tariff rates 2. India has made extensive commitments in all service sectors under GATS 3. The Agreement on Agriculture allows India unlimited agricultural subsidies 4. India can use safeguard measures without proving injury to domestic industry

The Production Linked Incentive (PLI) scheme under Atmanirbhar Bharat primarily focuses on: 1. Import substitution in all manufacturing sectors 2. Export promotion through production incentives 3. Attracting foreign investment in strategic sectors 4. Reducing dependence on Chinese imports