Introduction The global economy is facing unprecedented challenges due to rapid urbanization, resource depletion, climate…
MCQs on India’s Economic Relations with ASEAN Countries
- What does ASEAN stand for?
A) Association of Southeast Asian Nations
B) Association of South Asian Nations
C) Association of South-East Asia Network
D) Alliance of Southeast Asian Nations
Answer: A) Association of Southeast Asian Nations - When was ASEAN founded?
A) 1965
B) 1967
C) 1971
D) 1975
Answer: B) 1967 - Which of the following countries is NOT a member of ASEAN?
A) Thailand
B) Vietnam
C) India
D) Singapore
Answer: C) India - Which agreement formalizes India’s economic relations with ASEAN?
A) ASEAN Free Trade Area (AFTA)
B) ASEAN-India Free Trade Agreement (AIFTA)
C) Comprehensive Economic Cooperation Agreement (CECA)
D) Regional Comprehensive Economic Partnership (RCEP)
Answer: B) ASEAN-India Free Trade Agreement (AIFTA) - What year did India and ASEAN sign the ASEAN-India Free Trade Agreement (AIFTA)?
A) 2005
B) 2009
C) 2011
D) 2014
Answer: A) 2005 - Which sector is a significant focus of India’s trade with ASEAN?
A) Agriculture
B) Information Technology
C) Textiles
D) Tourism
Answer: B) Information Technology - Which of the following is a major benefit of India’s trade with ASEAN?
A) Increased tariffs
B) Trade diversification
C) Decreased investment
D) Trade isolation
Answer: B) Trade diversification - What percentage of India’s total trade is accounted for by ASEAN?
A) 5%
B) 10%
C) 15%
D) 20%
Answer: C) 15% - Which country is India’s largest trading partner in ASEAN?
A) Indonesia
B) Vietnam
C) Singapore
D) Malaysia
Answer: C) Singapore - Which area presents a challenge for India in its relations with ASEAN?
A) Cultural exchange
B) Infrastructural development
C) Geopolitical tensions
D) Trade agreements
Answer: C) Geopolitical tensions - What initiative was launched by India to enhance its engagement with ASEAN?
A) Look East Policy
B) Act East Policy
C) South Asia Initiative
D) Eastern Economic Corridor
Answer: B) Act East Policy - Which of the following is NOT a challenge in India-ASEAN relations?
A) Competition in trade
B) Language barriers
C) Uneven economic development
D) Cultural compatibility
Answer: D) Cultural compatibility - What is a primary objective of the ASEAN Economic Community (AEC)?
A) Political stability
B) Social integration
C) Economic integration
D) Military cooperation
Answer: C) Economic integration - Which of the following sectors has seen significant investment from ASEAN in India?
A) Mining
B) Pharmaceuticals
C) Electronics
D) All of the above
Answer: D) All of the above - Which Indian state is most connected to ASEAN through trade and commerce?
A) Maharashtra
B) West Bengal
C) Assam
D) Gujarat
Answer: C) Assam - What was the trade volume between India and ASEAN in 2020?
A) $50 billion
B) $80 billion
C) $100 billion
D) $120 billion
Answer: B) $80 billion - Which is a key feature of the AIFTA?
A) No tariffs on all goods
B) Tariff reduction on select goods
C) Trade quotas
D) Increased tariffs on imports
Answer: B) Tariff reduction on select goods - What role does the Regional Comprehensive Economic Partnership (RCEP) play in India-ASEAN relations?
A) It has no impact
B) It encourages bilateral trade
C) It restricts trade
D) It is a competitive bloc
Answer: B) It encourages bilateral trade - Which of the following ASEAN countries has shown interest in collaborating with India in the renewable energy sector?
A) Cambodia
B) Laos
C) Indonesia
D) Thailand
Answer: C) Indonesia - Which Indian government initiative aims to enhance connectivity with ASEAN nations?
A) Smart Cities Mission
B) Sagarmala Project
C) Digital India
D) Make in India
Answer: B) Sagarmala Project - Which of the following statements is true regarding India’s trade with ASEAN?
A) India imports more than it exports
B) India exports more than it imports
C) Trade is balanced
D) Trade is negligible
Answer: A) India imports more than it exports - How does India benefit from its economic relations with ASEAN countries?
A) Reduced agricultural output
B) Access to new markets
C) Increased unemployment
D) Decreased foreign investment
Answer: B) Access to new markets - Which area has the most potential for India-ASEAN collaboration?
A) Defense
B) Technology
C) Space
D) All of the above
Answer: D) All of the above - Which of the following countries has the highest number of Indian expatriates?
A) Malaysia
B) Singapore
C) Thailand
D) Indonesia
Answer: B) Singapore - What is a common cultural linkage between India and ASEAN countries?
A) Cuisine
B) Language
C) Religion
D) All of the above
Answer: D) All of the above - What is a primary agricultural product exported by India to ASEAN?
A) Rice
B) Wheat
C) Sugar
D) Spices
Answer: D) Spices - What is a significant challenge in terms of trade infrastructure between India and ASEAN?
A) Poor road connectivity
B) High labor costs
C) Lack of technology
D) Limited product diversity
Answer: A) Poor road connectivity - Which ASEAN country has been a major destination for Indian pharmaceuticals?
A) Myanmar
B) Vietnam
C) Philippines
D) Thailand
Answer: D) Thailand - Which policy aims to promote trade and investment flows from ASEAN to India?
A) Free Trade Policy
B) Look East Policy
C) Act East Policy
D) South-South Cooperation
Answer: C) Act East Policy - What is a potential outcome of stronger India-ASEAN economic ties?
A) Increased isolation
B) Economic growth for both regions
C) Cultural clashes
D) Decreased employment opportunities
Answer: B) Economic growth for both regions
