The India-US Trade Relations: Analyzing the Dynamics and Challenges

Description: This quiz aims to assess your understanding of the dynamics and challenges in the India-US trade relations. The questions cover aspects such as the historical context, trade volumes, key sectors, trade agreements, and the impact of trade policies on both economies.
Number of Questions: 15
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Tags: india-us trade relations economic integration trade dynamics trade challenges trade policies
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Which of the following is NOT a key sector in the India-US trade relations?

  1. Information Technology

  2. Agriculture

  3. Manufacturing

  4. Healthcare


Correct Option: D
Explanation:

While Information Technology, Agriculture, and Manufacturing are significant sectors in the India-US trade, Healthcare is not a key sector.

What is the approximate value of the bilateral trade between India and the US in 2021?

  1. $100 billion

  2. $150 billion

  3. $200 billion

  4. $250 billion


Correct Option: B
Explanation:

The bilateral trade between India and the US in 2021 was approximately $150 billion.

Which of the following is a major challenge in the India-US trade relations?

  1. Tariffs

  2. Intellectual Property Rights

  3. Non-Tariff Barriers

  4. All of the above


Correct Option: D
Explanation:

Tariffs, Intellectual Property Rights, and Non-Tariff Barriers are all major challenges in the India-US trade relations.

What is the name of the trade agreement signed between India and the US in 2005?

  1. India-US Trade and Investment Framework Agreement

  2. India-US Free Trade Agreement

  3. India-US Bilateral Investment Treaty

  4. India-US Comprehensive Economic Partnership Agreement


Correct Option: A
Explanation:

The India-US Trade and Investment Framework Agreement was signed in 2005 to promote trade and investment between the two countries.

Which Indian state is a major exporter of agricultural products to the US?

  1. Maharashtra

  2. Punjab

  3. Uttar Pradesh

  4. Gujarat


Correct Option: B
Explanation:

Punjab is a major exporter of agricultural products, such as rice and wheat, to the US.

What is the impact of the US's Generalized System of Preferences (GSP) program on India's exports?

  1. It provides preferential tariffs for Indian goods

  2. It restricts Indian goods from entering the US market

  3. It has no impact on India's exports

  4. It increases the cost of Indian goods in the US market


Correct Option: A
Explanation:

The US's Generalized System of Preferences (GSP) program provides preferential tariffs for Indian goods, making them more competitive in the US market.

Which US state is a major importer of Indian textiles?

  1. California

  2. Texas

  3. New York

  4. Florida


Correct Option: A
Explanation:

California is a major importer of Indian textiles, due to its large population and fashion industry.

What is the main objective of the India-US Strategic and Commercial Dialogue?

  1. To promote trade and investment between the two countries

  2. To address security and defense issues

  3. To enhance cultural and educational exchanges

  4. To resolve disputes and conflicts between the two countries


Correct Option: A
Explanation:

The main objective of the India-US Strategic and Commercial Dialogue is to promote trade and investment between the two countries.

Which Indian city is a major hub for the export of information technology services to the US?

  1. Mumbai

  2. Bengaluru

  3. Hyderabad

  4. Chennai


Correct Option: B
Explanation:

Bengaluru is a major hub for the export of information technology services to the US, due to its large pool of skilled IT professionals.

What is the impact of the US's withdrawal from the Trans-Pacific Partnership (TPP) on India's trade with the US?

  1. It has increased India's exports to the US

  2. It has decreased India's exports to the US

  3. It has no impact on India's exports to the US

  4. It has made India's exports to the US more expensive


Correct Option: B
Explanation:

The US's withdrawal from the Trans-Pacific Partnership (TPP) has decreased India's exports to the US, as India is not a member of the TPP.

Which Indian state is a major exporter of gems and jewelry to the US?

  1. Rajasthan

  2. Gujarat

  3. Maharashtra

  4. Karnataka


Correct Option: A
Explanation:

Rajasthan is a major exporter of gems and jewelry to the US, due to its rich mineral resources and skilled artisans.

What is the name of the Indian government agency responsible for promoting trade and investment with the US?

  1. Ministry of Commerce and Industry

  2. Ministry of External Affairs

  3. Ministry of Finance

  4. Reserve Bank of India


Correct Option: A
Explanation:

The Ministry of Commerce and Industry is the Indian government agency responsible for promoting trade and investment with the US.

Which US state is a major importer of Indian pharmaceuticals?

  1. New Jersey

  2. California

  3. Texas

  4. Florida


Correct Option: A
Explanation:

New Jersey is a major importer of Indian pharmaceuticals, due to its large pharmaceutical industry.

What is the impact of the US's imposition of tariffs on Indian steel and aluminum on India's trade with the US?

  1. It has increased India's exports to the US

  2. It has decreased India's exports to the US

  3. It has no impact on India's exports to the US

  4. It has made India's exports to the US more expensive


Correct Option: B
Explanation:

The US's imposition of tariffs on Indian steel and aluminum has decreased India's exports to the US, as the tariffs make Indian steel and aluminum more expensive in the US market.

Which Indian state is a major exporter of leather goods to the US?

  1. Uttar Pradesh

  2. West Bengal

  3. Tamil Nadu

  4. Andhra Pradesh


Correct Option: C
Explanation:

Tamil Nadu is a major exporter of leather goods to the US, due to its large leather industry.

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