Current Affairs

GK MCQs Section

Topic: Trade Deficit

EXIM Data: Trade Deficit narrows by 10 billion USD

The Government of India recently revised its import bill. With this revision, the country’s foreign trade between April 2022 and November 2022 differs from the estimates made by...

January 23, 2023

India-China Trade Reaches All-Time High

The trade between India and China reached an all-time high of USD 135.98 billion in 2022, even as New Delhi’s trade deficit with Beijing crossed the USD 100...

January 14, 2023

India’s Trade Deficit in 2021-22

The trade deficit of India rose by 87.5 percent from USD 102.63 billion in 2020-21 to USD 192.41 billion in 2021-22. The total export in the last fiscal...

April 6, 2022

India-China Trade in 2021

The trade between India and China was around 125 billion USD in 2021. India’s imports from China stood at 100 billion USD. Most of the import demands were...

January 17, 2022

India – Korea Trade Talks

On January 11, 2022, India and Korea held a bilateral trade talk. The talks focused on non – tariff barriers, market access issues, trade deficit faced by the...

January 11, 2022

India’s Monthly Goods Exports – Current Trend

The Ministry of Commerce and Industry recently released the monthly goods export report of the country. According to the report, in December 2021, India exported 37.29 billion USD...

January 4, 2022

What is Commodity Super Cycle?

The prices of commodities from corn to crude oil to rubber, rhodium, copper, soy bean has been increasing since the beginning of 2021. This is referred to as...

May 12, 2021

Why did India not sign the world largest RCEP trade deal?

On November 15, 2020, China and other fourteen Asian countries signed the world largest trade pact under the RCEP of ASEAN grouping. The agreement left the doors open...

November 17, 2020

China imposes Visa restrictions on US individuals over Hong Kong

On June 29, 2020, China announced that it will impose Visa restrictions on US individuals who have “Egregious Conduct” related to Hong Kong issues. Highlights The United States...

June 30, 2020

India restricts export ban of HCQ drug

On April 7, India announced restrictions on export of Hydroxychloroquine (HCQ) drug. What is the issue? India had imposed ban on export of HCQ drug to prevent the...

April 7, 2020

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