India’s first free trade agreement with an economic bloc in Europe has been signed with which grouping?
- A.European Union
- B.European Free Trade Association
- C.Benelux Union
- D.Eurasian Economic Union
Correct answer
B. European Free Trade Association
Explanation
The correct answer is the European Free Trade Association. The Trade and Economic Partnership Agreement that took effect in October of the previous year was concluded between India and the EFTA countries, and it is the first free trade agreement India has with any economic bloc in Europe. Switzerland is an EFTA member, and the Swiss President gave the agreement his personal backing, which is why it figured so prominently in the summit statement. Option A is wrong because the European Union is a separate and much larger bloc, and India has no free trade agreement in force with it. Option C is wrong because the Benelux Union groups Belgium, the Netherlands and Luxembourg and is not a party to this agreement. Option D is wrong because the Eurasian Economic Union is a different grouping altogether and has no role in this pact. Aspirants should link TEPA firmly with EFTA and with the twin targets of investment and jobs that the agreement carries.
Read the full article: India, Switzerland Sign Mobility and Infrastructure Agreements
Practice Questions
How much investment is the India–EFTA Trade and Economic Partnership Agreement expected to bring into India over the following 15 years?
- A.50 billion dollars
- B.75 billion dollars
- C.100 billion dollars
- D.250 billion dollars
Show answer
Correct answer: C. 100 billion dollars
Explanation
The correct answer is 100 billion dollars. The agreement is described as an ambitious blueprint for investment, innovation, jobs and shared prosperity, and the two sides expect it to deliver investment of 100 billion dollars in India together with 10 lakh direct jobs across a span of 15 years. These two numbers, the money and the jobs, are the pair most often asked about the pact, so they should be learnt together. Option A, 50 billion dollars, is half the figure and is incorrect. Option B, 75 billion dollars, does not appear in the summit statement at all. Option D, 250 billion dollars, overstates the commitment by a wide margin. Note also that the figure is an investment target over a defined period and not a one-time inflow, and that the jobs promised are direct jobs rather than total employment of every kind.
Which of the following was NOT among the agreements announced during the Swiss President’s visit to India?
- A.Migration and Mobility Partnership Agreement
- B.Young Professionals Agreement
- C.Agreement on transport, mobility and infrastructure
- D.Agreement on a common currency swap window
Show answer
Correct answer: D. Agreement on a common currency swap window
Explanation
The correct answer is the agreement on a common currency swap window, because no such pact was announced. The summit produced an agreement on transport, mobility and infrastructure, which builds on Swiss involvement in the Varanasi ropeway, the Jewar airport at Noida and railway and tunnelling work in hill areas, so option C was indeed signed. A Migration and Mobility Partnership Agreement was also concluded, which makes option A a genuine outcome. A Young Professionals Agreement was signed as well, opening fresh opportunities in Switzerland for Indian students, researchers and professionals, so option B is real too. Alongside these, a tie-up with Zurich University was welcomed for building the capacity of Indian science start-ups. Questions of this kind usually test whether a candidate can separate the pacts actually announced from plausible-sounding additions, so the list of three agreements plus the university tie-up is worth memorising as a set.
Which city will host the artificial intelligence summit that Switzerland is to organise next year?
- A.Zurich
- B.Bern
- C.Geneva
- D.Davos
Show answer
Correct answer: C. Geneva
Explanation
The correct answer is Geneva. India noted that it had hosted the world’s largest artificial intelligence summit in February this year, and said Switzerland would carry that journey forward through the Geneva AI Summit next year, with both countries committed to making artificial intelligence responsible, inclusive and human-centric. Option A, Zurich, is a distractor drawn from the separate Zurich University agreement on building the capacity of Indian science start-ups, which is a different outcome of the same summit. Option B, Bern, is the Swiss capital but was not named as the venue. Option D, Davos, is well known for the annual World Economic Forum meeting and is an attractive wrong choice for that reason, but it has nothing to do with this announcement. Candidates should remember the pairing of the Indian AI summit held in February with the Geneva AI Summit due next year.
Which of the following forums will the leader of the Indian delegation NOT take part in at the 153rd IPU Assembly?
- A.The Governing Council
- B.The General Debate
- C.The debate on the emergency item
- D.The election of the United Nations Secretary-General
Show answer
Correct answer: D. The election of the United Nations Secretary-General
Explanation
The correct answer is the election of the United Nations Secretary-General, which has nothing to do with this Assembly. The Inter-Parliamentary Union is the global body of national parliaments and runs its own affairs, so an election at the United Nations is not on its programme. Options A, B and C are all forums the leader of the Indian delegation, Rajya Sabha Deputy Chairman Shri Harivansh, is scheduled to attend: the Governing Council, which takes the organisation's decisions; the General Debate, held on the theme of the Assembly; and the debate on the emergency item, which allows a pressing world question to be taken up at short notice. He is also to attend the hearing of the candidates standing for the post of IPU President. Other members of the Indian team will join panels and workshops on democracy, maritime security, counter-terrorism, critical minerals, artificial intelligence and climate change.
Who leads the Indian Parliamentary Delegation to the 153rd IPU Assembly?
- A.The Speaker of the Lok Sabha
- B.The Deputy Chairman of the Rajya Sabha
- C.The Leader of the Opposition in the Lok Sabha
- D.The Minister of External Affairs
Show answer
Correct answer: B. The Deputy Chairman of the Rajya Sabha
Explanation
The correct answer is the Deputy Chairman of the Rajya Sabha, Shri Harivansh, who heads the nine-member team that went to Arusha. He is to sit in the Governing Council of the Inter-Parliamentary Union, speak in the General Debate and in the debate on the emergency item, and attend the hearing of those who are candidates for the post of IPU President. Option A, the Speaker of the Lok Sabha, often leads Indian parliamentary teams abroad, which makes it a tempting choice, but the delegation this time is led by the Rajya Sabha Deputy Chairman. Option C, the Leader of the Opposition in the Lok Sabha, holds no such role here. Option D, the Minister of External Affairs, belongs to the government and not to a parliamentary delegation; the Assembly is a meeting of parliaments rather than of governments, and the announcement came from the Rajya Sabha Secretariat.