According to Piyush Goyal, the India-EU FTA brings together a market of how many people?
- A.1 billion people
- B.2 billion people
- C.3 billion people
- D.1.5 billion people
Correct answer
Explanation
The correct answer is 2 billion people. Addressing the India-Belgium High-Level Dialogue in Mumbai, the Commerce and Industry Minister said the India-EU Free Trade Agreement brings together 2 billion people, representing a quarter of global GDP, a third of world trade and a market of USD 24 trillion. He also said the agreement had been in the making for twenty-five years before negotiations were concluded, and that all 27 European Union countries are on board and wish to complete the formalities quickly. The three wrong options are all round figures of the kind that feel plausible when a candidate remembers only that the number was large. Option D in particular is close to India's own population figure, which is why it tempts. The set of four numbers moves together and should be memorised together: two billion people, one quarter of global GDP, one third of world trade, twenty-four trillion dollars of market.
Read the full article: India-EU FTA Binds a Market of 2 Billion People: Piyush Goyal
Practice Questions
The Port of Antwerp-Bruges, described as a key India-Europe link, is which seaport of Europe by size?
- A.The largest
- B.The second-largest
- C.The third-largest
- D.The fifth-largest
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Shri Goyal said that Belgium stands at the gateway of the opportunity created by the India-EU FTA, and noted that the Port of Antwerp-Bruges is Europe's second-largest seaport.
Read the full explanation →India-EU trade has doubled over the last decade to roughly what figure?
- A.USD 90 billion
- B.USD 140 billion
- C.USD 240 billion
- D.USD 70 billion
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The Commerce and Industry Minister said India's trade with the European Union had already doubled over the last decade to nearly this figure, which is why the conclusion of the Free Trade Agreement matters so much to both sides.
Read the full explanation →What was the theme of the 14th India Chem 2026 held in Mumbai?
- A.Advantage Bharat: An Emerging Global Chemicals Hub
- B.Chemicals for a Viksit Bharat
- C.Green Chemistry, Green Growth
- D.Make in India, Mix in India
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The 14th edition of India Chem was organised in Mumbai from 22 to 24 October 2026 as a three-day event aimed at drawing investment and promoting sustainable growth in chemicals and petrochemicals.
Read the full explanation →Which of the following is NOT one of India's three operational Petroleum, Chemicals and Petrochemicals Investment Regions?
- A.Dahej in Gujarat
- B.Paradeep in Odisha
- C.Visakhapatnam-Kakinada in Andhra Pradesh
- D.Haldia in West Bengal
Show answer
India has three operational PCPIRs: Dahej in Gujarat, Visakhapatnam-Kakinada in Andhra Pradesh and Paradeep in Odisha. Haldia is not among them, so option D is the exception.
Read the full explanation →What is the total financial outlay of the BHAVYA Rasayan scheme for dedicated chemical parks?
- A.Rs 1,000 crore
- B.Rs 3,030 crore
- C.Rs 5,000 crore
- D.Rs 30,000 crore
Show answer
The Bharat Audyogik Vikas Yojana Rasayan scheme, approved in July 2026, carries that total outlay, of which Rs 3,000 crore is earmarked for common infrastructure and basic utilities and Rs 30 crore for administrative expenditure.
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