According to Piyush Goyal, India's concluded and ongoing trade agreements would give it preferential market access to roughly what share of global GDP?
- A.52 per cent
- B.64 per cent
- C.76 per cent
- D.88 per cent
Correct answer
Explanation
The correct answer is 76 per cent. Speaking at the curtain raiser of the Invest Telangana Global Summit, the Commerce and Industry Minister built the figure up step by step. Agreements already in force give India preferential access to economies worth 70 trillion dollars, of which 10 trillion dollars comes from pacts settled more than a decade ago and 60 trillion dollars from the nine agreements concluded recently. Another eight bilateral or multilateral agreements are being negotiated and would add 15 trillion dollars. Set against a world economy of 115 trillion dollars, that works out to preferential access covering about 76 per cent of global output. Options A and B are wrong because they fall short of the sum the minister described and no such share was mentioned. Option D is wrong because 88 per cent would exceed what even the completed and pending agreements together would deliver on the minister's own arithmetic.
Read the full article: India's FTAs to Cover 76% of Global GDP, Says Piyush Goyal
Practice Questions
The Motupalli Abhaya Shasana, recalled by Piyush Goyal as an early charter assuring traders of stability, was issued in 1244 by which ruler?
- A.Krishnadevaraya of Vijayanagara
- B.Ganapati Deva of the Kakatiya dynasty
- C.Rajaraja Chola I
- D.Prataparudra II of Warangal
Show answer
While speaking about Telangana's long trading tradition, the minister recalled the Motupalli Abhaya Shasana, a maritime charter issued in 1244 by the Kakatiya ruler Ganapati Deva, which promoted stability and predictability in trade.
Read the full explanation →Which textile park did Piyush Goyal describe as the first fully functional PM MITRA park?
- A.Kakatiya Mega Textile Park, Warangal
- B.Zaheerabad Industrial Smart City
- C.Navi Mumbai Integrated Textile Park
- D.Amravati Mega Textile Park
Show answer
Listing projects launched or supported in Telangana, the minister referred to this park in Warangal and described it as the first fully functional PM MITRA park in the country.
Read the full explanation →What profit after tax did NSIC report for the financial year 2025-26?
- A.Rs 84 crore
- B.Rs 159 crore
- C.Rs 376 crore
- D.Rs 1,205 crore
Show answer
While presenting the dividend, the Chairman-cum-Managing Director set out the corporation's results for the year: revenue of Rs 3,767 crore and profit after tax of Rs 159 crore, describing both as robust growth over the previous financial year.
Read the full explanation →Under which category of public sector enterprise is the National Small Industries Corporation classified?
- A.Maharatna
- B.Navratna
- C.Schedule 'A' Mini Ratna
- D.Schedule 'C' undertaking
Show answer
The National Small Industries Corporation Limited is described as a Schedule 'A' Mini Ratna company, and it functions under the Ministry of Micro, Small and Medium Enterprises, whose two ministers received its dividend for the year.
Read the full explanation →How much dividend did the National Small Industries Corporation present to the Government of India for the financial year 2025-26?
- A.Rs 29.40 crore
- B.Rs 47.76 crore
- C.Rs 112.50 crore
- D.Rs 159 crore
Show answer
The Chairman-cum-Managing Director of the corporation, Dr Subhransu Sekhar Acharya, presented a dividend of that amount on 28 October 2026 to the Union Minister for Micro, Small and Medium Enterprises, Jitan Ram Manjhi, and the Minister of State, Shobha Karandlaje, with the Secretary of the ministry, Bharat Khera, and senior…
Read the full explanation →