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India New Zealand Free Trade Agreement
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Quiz · India New Zealand Free Trade Agreement
Two Prelims-style questions on this topic from 20 October 2026. Choose an option to check yourself, then open the full note or today’s full quiz.
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Consider the following statements regarding Free Trade Agreements (FTAs): 1. FTAs entirely eliminate customs tariffs on all goods without exception from day one of implementation. 2. Rules of Origin are criteria used to determine the national source of a product for duty concessions. Which of the statements given above is/are correct?
A
Neither 1 nor 2
B
Both 1 and 2
C
1 only
D
2 only
Solution
With reference to international trade terminology, what does 'Tariff Concession' primarily refer to?
A
Financial grants provided to support infrastructure projects
B
Reduction or elimination of customs duty on specific imported goods
C
Expanding export markets to reduce dependence on specific economies
D
A pact between nations reducing non-tariff barriers on services only
Solution
