Topic 156 · Answers
India-EU Free Trade Agreement concluded
On which date did India and the EU conclude free trade negotiations?
- 27 January 2025
- 27 June 2022
- 1 February 2026
- Correct answer: 27 January 2026
Core Trigger: India and the European Union concluded free trade negotiations on 27 January 2026, at the 16th India-EU summit in New Delhi.From Book 1 RATNA, topic 156, point 1
Leaders called the India-EU FTA by which phrase?
- Deal of the century
- Partnership of equals
- Biggest pact in history
- Correct answer: Mother of all deals
Tagline: Leaders called it the 'mother of all deals'; talks began in 2007 and were relaunched in June 2022.From Book 1 RATNA, topic 156, point 2
Who attended the 16th India-EU summit as European Council President?
- Charles Michel
- Correct answer: António Costa
- Josep Borrell
- Roberta Metsola
Current Head: Commission President Ursula von der Leyen and Council President António Costa attended; Piyush Goyal is Commerce Minister.From Book 1 RATNA, topic 156, point 3
Tariffs on EU cars fall from 110 per cent to what level?
- Correct answer: 10 per cent
- 25 per cent
- 40 per cent
- 50 per cent
Key Tariff: Tariffs on EU cars fall from 110 per cent to 10 per cent, within a quota of 2.5 lakh vehicles.From Book 1 RATNA, topic 156, point 4
Consider the India-EU FTA. 1. It covers about 2 billion people and roughly a quarter of world GDP. 2. Farm products are included in the deal. Which is/are correct?
- Correct answer: Only 1
- Only 2
- Both 1 and 2
- Neither
Coverage: The deal covers about 2 billion people and roughly a quarter of world GDP; farm products are excluded.From Book 1 RATNA, topic 156, point 5
Besides the FTA, India and the EU exchanged which partnership?
- Space cooperation treaty
- Nuclear supply agreement
- Joint climate fund
- Correct answer: Security and defence partnership
Stakeholders: India and the EU also exchanged a security and defence partnership and mobility agreements.From Book 1 RATNA, topic 156, point 6
Where are the European Commission and the Council of the EU based?
- Strasbourg, France
- Luxembourg
- The Hague, Netherlands
- Correct answer: Brussels, Belgium
EU Seat: The European Commission and the Council of the EU are based in Brussels, Belgium.From Book 1 RATNA, topic 156, point 8
The EEC, the EU's predecessor, was created by which 1957 treaty?
- Treaty of Paris
- Correct answer: Treaty of Rome
- Treaty of Lisbon
- Treaty of Amsterdam
Founded: The European Economic Community, the EU's predecessor, was created by the 1957 Treaty of Rome.From Book 1 RATNA, topic 156, point 9
The Maastricht Treaty, which created the EU, came into force on which date?
- Correct answer: 1 November 1993
- 7 February 1992
- 1 January 1993
- 1 January 1995
Treaty Basis: The Maastricht Treaty, signed in 1992 and in force from 1 November 1993, created the European Union.From Book 1 RATNA, topic 156, point 10
Consider the following. 1. Article 253 bars Parliament from implementing treaties. 2. In a free trade area each member keeps its own external tariff. Which is/are correct?
- Only 1
- Correct answer: Only 2
- Both 1 and 2
- Neither
Doctrine: A free trade area removes internal tariffs but each member keeps its own external tariff, unlike a customs union.From Book 1 RATNA, topic 156, point 12
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