India's Trade with ASEAN Countries

Description: This quiz covers India's trade relations with the Association of Southeast Asian Nations (ASEAN) countries.
Number of Questions: 15
Created by:
Tags: international economics trade agreements asean
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Which ASEAN country is India's largest trading partner?

  1. Singapore

  2. Malaysia

  3. Thailand

  4. Indonesia


Correct Option: A
Explanation:

Singapore is India's largest trading partner among ASEAN countries, accounting for over 20% of India's total trade with the region.

What is the main commodity exported by India to ASEAN countries?

  1. Petroleum products

  2. Machinery

  3. Pharmaceuticals

  4. Textiles


Correct Option: A
Explanation:

Petroleum products are the main commodity exported by India to ASEAN countries, accounting for over 25% of India's total exports to the region.

Which ASEAN country is the largest importer of Indian pharmaceuticals?

  1. Vietnam

  2. Thailand

  3. Indonesia

  4. Malaysia


Correct Option: A
Explanation:

Vietnam is the largest importer of Indian pharmaceuticals among ASEAN countries, accounting for over 20% of India's total pharmaceutical exports to the region.

What is the main commodity imported by India from ASEAN countries?

  1. Electronic goods

  2. Machinery

  3. Chemicals

  4. Crude oil


Correct Option: A
Explanation:

Electronic goods are the main commodity imported by India from ASEAN countries, accounting for over 25% of India's total imports from the region.

Which ASEAN country is the largest exporter of electronic goods to India?

  1. Singapore

  2. Malaysia

  3. Thailand

  4. Indonesia


Correct Option: A
Explanation:

Singapore is the largest exporter of electronic goods to India among ASEAN countries, accounting for over 50% of India's total imports of electronic goods from the region.

What is the total value of trade between India and ASEAN countries in 2022?

  1. $100 billion

  2. $150 billion

  3. $200 billion

  4. $250 billion


Correct Option: C
Explanation:

The total value of trade between India and ASEAN countries in 2022 was estimated to be around $200 billion.

Which ASEAN country has the highest trade deficit with India?

  1. Vietnam

  2. Thailand

  3. Indonesia

  4. Malaysia


Correct Option: A
Explanation:

Vietnam has the highest trade deficit with India among ASEAN countries, importing more goods from India than it exports.

Which ASEAN country has the highest trade surplus with India?

  1. Singapore

  2. Malaysia

  3. Thailand

  4. Indonesia


Correct Option: A
Explanation:

Singapore has the highest trade surplus with India among ASEAN countries, exporting more goods to India than it imports.

What is the main objective of the India-ASEAN Free Trade Agreement (FTA)?

  1. To promote trade and investment

  2. To reduce tariffs and barriers

  3. To enhance economic cooperation

  4. All of the above


Correct Option: D
Explanation:

The main objective of the India-ASEAN Free Trade Agreement (FTA) is to promote trade and investment, reduce tariffs and barriers, and enhance economic cooperation between India and ASEAN countries.

When was the India-ASEAN Free Trade Agreement (FTA) signed?

  1. 2003

  2. 2005

  3. 2007

  4. 2009


Correct Option: D
Explanation:

The India-ASEAN Free Trade Agreement (FTA) was signed in 2009.

Which ASEAN country is not a member of the Regional Comprehensive Economic Partnership (RCEP)?

  1. Singapore

  2. Malaysia

  3. Thailand

  4. Brunei


Correct Option: D
Explanation:

Brunei is not a member of the Regional Comprehensive Economic Partnership (RCEP).

What is the main objective of the Regional Comprehensive Economic Partnership (RCEP)?

  1. To create a single market

  2. To reduce tariffs and barriers

  3. To promote economic cooperation

  4. All of the above


Correct Option: D
Explanation:

The main objective of the Regional Comprehensive Economic Partnership (RCEP) is to create a single market, reduce tariffs and barriers, and promote economic cooperation among its member countries.

When was the Regional Comprehensive Economic Partnership (RCEP) signed?

  1. 2018

  2. 2019

  3. 2020

  4. 2021


Correct Option: C
Explanation:

The Regional Comprehensive Economic Partnership (RCEP) was signed in 2020.

How many countries are members of the Regional Comprehensive Economic Partnership (RCEP)?

  1. 10

  2. 15

  3. 20

  4. 25


Correct Option: B
Explanation:

There are 15 member countries of the Regional Comprehensive Economic Partnership (RCEP).

Which country is not a member of the Regional Comprehensive Economic Partnership (RCEP)?

  1. India

  2. China

  3. Japan

  4. United States


Correct Option: D
Explanation:

The United States is not a member of the Regional Comprehensive Economic Partnership (RCEP).

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