Which Indian body signed the Memorandum of Cooperation on electronic origin data exchange with the New Zealand Customs Service?
- A.Directorate General of Foreign Trade
- B.Central Board of Indirect Taxes and Customs
- C.NITI Aayog
- D.Reserve Bank of India
Correct answer
Explanation
The correct answer is the Central Board of Indirect Taxes and Customs. The memorandum concerning the electronic exchange of origin data on trade in goods was signed by the CBIC on behalf of India and by the New Zealand Customs Service on the other side, with CBIC Chairman Vivek Chaturvedi and NZCS Comptroller and Chief Executive Christine Stevenson putting their names to it. The CBIC is the body that administers customs and indirect taxes in India, which is why a customs-to-customs arrangement falls to it. Option A, the Directorate General of Foreign Trade, frames export and import policy but was not a party here. Option C, NITI Aayog, is a policy think tank with no customs role, and option D, the Reserve Bank of India, is the central bank and regulates banking and currency rather than customs procedure. The arrangement was announced by the Ministry of Finance.
Read the full article: India, New Zealand Sign MoC on Electronic Origin Data Exchange
Practice Questions
When did the India-New Zealand Free Trade Agreement enter into force?
- A.19 October 2026
- B.20 October 2026
- C.21 October 2026
- D.1 November 2026
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The release on the customs memorandum states that the India-New Zealand Free Trade Agreement entered into force from that date, and that the memorandum itself was concluded under the agreement.
Read the full explanation →What is the subject of the Memorandum of Cooperation signed between India and New Zealand?
- A.Electronic exchange of origin data on trade in goods
- B.Mutual recognition of academic degrees
- C.Removal of all tariffs on dairy products
- D.Joint naval exercises in the Indian Ocean
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The memorandum deals with how the two customs administrations will share, in advance and in electronic form, the data that establishes where goods were produced, since a certificate of origin is what decides whether a consignment can claim the lower duties available under a trade agreement.
Read the full explanation →In the power sector, what does EHV stand for?
- A.Electrical Hybrid Voltage
- B.Extra High Voltage
- C.Efficient High Voltage
- D.Enhanced Hydro Voltage
Show answer
Saudi Arabia listed cooperation on such transmission systems as one of its priorities in the meeting with the Indian power ministry.
Read the full explanation →Which of the following was NOT among the areas in which Saudi Arabia sought enhanced cooperation with India in this meeting?
- A.Extra High Voltage transmission systems
- B.Power requirements of emerging data centres
- C.Updating of grid codes
- D.Construction of nuclear power reactors
Show answer
The Saudi side named four specific subjects for closer work, and the first three options are exactly three of them.
Read the full explanation →The India-Saudi Arabia Electrical Interconnection initiative was reviewed in a virtual bilateral meeting led on the Indian side by which official?
- A.The Secretary, Ministry of Power
- B.The Secretary, Ministry of External Affairs
- C.The Chairperson, Central Electricity Authority
- D.The Secretary, Ministry of New and Renewable Energy
Show answer
The correct answer is the Secretary, Ministry of Power, Pankaj Agarwal, who held the virtual bilateral meeting with his Saudi counterpart to review progress on the proposed cross-border link.
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