Top 5 Quiz QnAs on India - EFTA Trade Agreement (March 11th Current Affairs Quiz)

Sakshi Education

1. What does the abbreviation "EFTA" stand for?
a) European Free Trade Association
b) Economic and Financial Trade Agreement
c) East Asian Free Trade Accord
d) European Federation of Trade Associations

View Answer
- Answer: a

2. How much investment has India seen within 15 years due to the EFTA agreement?
a) $50 billion
b) $75 billion
c) $100 billion
d) $125 billion

View Answer
- Answer: c

3. Which ministry's minister highlighted the significance of joining EFTA for India?
a) Ministry of Finance
b) Ministry of External Affairs
c) Ministry of Commerce and Industry
d) Ministry of Agriculture and Farmers Welfare

View Answer
- Answer: c

4. What benefit does the EFTA agreement bring to Indian agricultural exports?
a) Subsidies on exports
b) Exemption from taxes
c) Reduction in tariffs
d) Free trade with European nations

View Answer
- Answer: c

5. Which countries are part of the EFTA association mentioned in the passage?
a) Switzerland, Norway, Iceland, Liechtenstein
b) France, Germany, Spain, Italy
c) United Kingdom, Ireland, Denmark, Sweden
d) Belgium, Netherlands, Luxembourg, Austria