India Usa Partnership

Question 1

Who regulate export &import of india

Answer 1

Foriegn trade policy

Question 2

Minister of commerce and industry

Answer 2

Piyush goyal

Question 3

India’s top trading partner in 2021-22.

Answer 3

USA

Question 4

________ was India’s top trading partner from 2013-14 till 2017-18 and also in 2020-21.

Answer 4

China

Question 5

Bilateral trade between the US and India stood atUSD _______ billion (2021-2022)as against USD 80.51 billion in 2020-21

Answer 5

119.42 billion

Question 6

Exports to the US increased to USD ________ billion in 2021-22 from USD 51.62 billion in the previous fiscal year, while imports rose to USD 43.31 billion as compared to about USD 29 billion in 2020-21.

Answer 6

76.11 billion

Question 7

During 2021-22,India’s two-way commerce with _____ aggregated at USD 115.42 billionas compared to USD 86.4 billion in 2020-21.

Answer 7

China

Question 8

India has joined a _______-led initiative to set up an Indo-Pacific Economic Framework (IPEF)

Answer 8

US

Question 9

Which act established generalized system of preference (GSP)

Answer 9

Trade act of 1974
There are currently 13 countries which grant GSP preferences to developing and least developed countries: