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Topic 156 · Economy, Budget & Banking

India-EU Free Trade Agreement concluded

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Revise the 12 points first Book 1 RATNA

Core Trigger: India and the European Union concluded free trade negotiations on 27 January 2026, at the 16th India-EU summit in New Delhi.
Tagline: Leaders called it the 'mother of all deals'; talks began in 2007 and were relaunched in June 2022.
Current Head: Commission President Ursula von der Leyen and Council President António Costa attended; Piyush Goyal is Commerce Minister.
Key Tariff: Tariffs on EU cars fall from 110 per cent to 10 per cent, within a quota of 2.5 lakh vehicles.
Coverage: The deal covers about 2 billion people and roughly a quarter of world GDP; farm products are excluded.
Stakeholders: India and the EU also exchanged a security and defence partnership and mobility agreements.
India Link: Legal scrubbing and ratification remain; signing is expected by end-2026.
EU Seat: The European Commission and the Council of the EU are based in Brussels, Belgium.
Founded: The European Economic Community, the EU's predecessor, was created by the 1957 Treaty of Rome.
Treaty Basis: The Maastricht Treaty, signed in 1992 and in force from 1 November 1993, created the European Union.
Articles: Article 253 lets Parliament implement treaties; Union List Entry 41 covers foreign trade.
Doctrine: A free trade area removes internal tariffs but each member keeps its own external tariff, unlike a customs union.

Question 1 of 10

On which date did India and the EU conclude free trade negotiations?

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Answer: (D) 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

Question 2 of 10

Leaders called the India-EU FTA by which phrase?

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Answer: (D) 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

Question 3 of 10

Who attended the 16th India-EU summit as European Council President?

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Answer: (B) António Costa

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

Question 4 of 10

Tariffs on EU cars fall from 110 per cent to what level?

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Answer: (A) 10 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

Question 5 of 10

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?

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Answer: (A) Only 1

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

Question 6 of 10

Besides the FTA, India and the EU exchanged which partnership?

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Answer: (D) 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

Question 7 of 10

Where are the European Commission and the Council of the EU based?

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Answer: (D) 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

Question 8 of 10

The EEC, the EU's predecessor, was created by which 1957 treaty?

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Answer: (B) Treaty of Rome

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

Question 9 of 10

The Maastricht Treaty, which created the EU, came into force on which date?

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Answer: (A) 1 November 1993

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

Question 10 of 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?

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Answer: (B) Only 2

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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