What is the full form of TRQ under the India–Oman CEPA?
- ATrade Regulation Quota
- BTariff Rate Quota
- CTrade Rate Quality
- DTotal Revenue Quota
Correct Answer: B
Under the India–Oman Comprehensive Economic Partnership Agreement (CEPA), the Directorate General of Foreign Trade (DGFT) has notified the Tariff Rate Quota (TRQ) allocation process. It allows selected products to be imported at reduced or zero customs duty within the prescribed quota. Importers must submit a Certificate of Origin to avail of the benefit.
This question is part of 16 July 2026 Current Affairs Quiz | Daily GK MCQs Online Test.
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