MEA-SWAYAM Practice Quiz

Question 1

Which bilateral initiative between India and the United Arab Emirates is specifically designed to settle cross-border trade in local currencies rather than in a third-country currency like the US dollar?

Accepted Answer

Local Currency Settlement framework

Question 2

In India’s bilateral diplomacy with Sri Lanka after its economic crisis, which form of support was most significant in stabilizing the island nation in the immediate phase?

Accepted Answer

Immediate lines of credit, fuel support, food and medicine assistance, and currency-related relief measures

Question 3

India’s decision to continue purchasing discounted crude oil despite Western pressure most directly strengthened bilateral engagement with which country?

Accepted Answer

Russia

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