WBCS.LIVE practice question

Under the proposed free trade agreement with the European Union, India will reduce import duties on select European passenger cars to what percentage?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 50%
  2. 40%
  3. 30%
  4. 20%

Correct answer and explanation

Correct answer: 40%

Explanation: āœ… Correct Answer: C) 40% šŸ“š Explanation: India is set to reduce import duties on select European passenger cars from as high as 110% down to 40%. This is part of a proposed free trade agreement with the European Union. It marks a major shift in India's long-protected automobile trade policy.