Selected MCQ

Current Question
Which party’s Free Trade Agreement involves reduced tariffs on electric vehicles and was agreed upon in January 2026?
  • A. EU-Mercosur
  • B. U.S.-China
  • C. EU-U.K.
  • D. ASEAN-Japan
Correct Answer: A
Explanation:
The EU and Mercosur countries formally signed a Free Trade agreement in January 2026.
Related Question 1
Canada and China reached a trade agreement in January 2026 that reduced Canadian tariffs on electric vehicles and Chinese tariffs on which product?
  • A. Wheat
  • B. Canola seeds
  • C. Lumber
  • D. Aluminum
Correct Answer: B
Explanation:
The deal reduced tariffs on Canadian canola seeds and Chinese electric vehicles.
Related Question 2
In early 2026, the Philippines and the United Arab Emirates signed a free trade agreement. This pertains to which of the following categories?
  • A. Defense cooperation
  • B. Free trade in goods and services
  • C. Joint space exploration
  • D. Cultural exchange
Correct Answer: B
Explanation:
They signed a free trade agreement to enhance economic ties in goods and services.
Related Question 3
In January 2026, Taiwan and the United States reached a trade agreement that would reduce U.S. tariffs on goods from what percentage to what new level?
  • A. 25% to 20%
  • B. 20% to 15%
  • C. 15% to 10%
  • D. 10% to 5%
Correct Answer: B
Explanation:
They agreed to cut U.S. tariffs on Taiwanese goods from 20% down to 15%.
Related Question 4
Which two countries signed a free trade agreement in January 2026?
  • A. Mexico and Brazil
  • B. United States and India
  • C. Philippines and United Arab Emirates
  • D. Japan and South Korea
Correct Answer: C
Explanation:
The Philippines and the United Arab Emirates signed a free trade agreement.
Related Question 5
Which country signed a visa-free entry agreement with Uzbekistan for its citizens in early 2026?
  • A. Turkey
  • B. France
  • C. Russia
  • D. Uzbekistan (with Argentina as per news)
Correct Answer: D
Explanation:
On Jan 7, 2026, Argentina became visa-free for Uzbekistan citizens.