Practice MCQs

Correct Answer : A
In March 2024, the Indian Finance Ministry introduced an anti-dumping duty on cast aluminum alloy wheels (ARWs) originating from China. The duty varies from $0.23 to $1.71 per kilogram based on the manufacturer and is applicable for a five-year period. The Directorate General of Trade Remedies (DGTR) stated that evidence of dumping by Chinese producers was presented by applicants, prompting the duty imposition despite existing anti-dumping measures. The DGTR retains the authority to reassess the necessity of the duty during the five-year period.

Correct Answer : C
Numaligarh Refinery Limited (NRL) of India inaugurated its first overseas liaison office in Dhaka, Bangladesh, with Indian High Commissioner Pranay Verma presiding over the event. NRL Managing Director Bhaskar Jyoti Phukan and other dignitaries were present. Verma highlighted the expanding India-Bangladesh relations, focusing on increased bilateral trade and collaboration in the energy sector. He mentioned the Friendship Pipeline Project, jointly launched by Indian PM Narendra Modi and Bangladesh PM Sheikh Hasina, capable of transporting 1 MMTPA of high-speed diesel, with construction costs in Bangladesh amounting to over Rs 285 crore.