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INTERNATIONAL Bilateral Relations

India and Oman Operationalise Comprehensive Economic Partnership Agreement (CEPA)

The landmark bilateral trade agreement between India and Oman formally entered into force on June 1, 2026, aimed at boosting economic cooperation.
Under the newly operationalised pact, Oman has granted duty-free access to 99.38% of Indian exports by value, significantly benefiting Indian exporters.
The concession covers 98.08% of Oman's tariff lines, covering key sectors like textiles, agriculture, engineering, and electronics.
This strategic CEPA is projected to open up new investment avenues and deeply integrate the supply chains of both West Asian nations.

Key Facts / Static GK

Capital of Oman: Muscat
Currency of Oman: Omani Rial
Sultan of Oman: Haitham bin Tariq

Q Practice Quiz — 2 June 2026

1. Who has been appointed as the Managing Director and Chief Executive Officer (MD & CEO) of Canara Bank, succeeding K. Satyanarayana Raju?

A Samir V Kamat
B Brajesh Kumar Singh
C Ajay Kochhar
D Vineet McCarty
E Rajesh Kumar Singh

Explanation: Brajesh Kumar Singh, who previously served as the Executive Director of Indian Bank, has been appointed as the Managing Director and Chief Executive Officer of Canara Bank, succeeding K. Satyanarayana Raju.

2. With reference to the newly operationalised India-Oman Comprehensive Economic Partnership Agreement (CEPA), which of the following statements is/are correct?

A It covers 50% of Oman's tariff lines.
B It was operationalised on May 1, 2026.
C Oman has granted duty-free access to 99.38% of India's exports by value.
D India has granted complete duty-free access to 100% of Oman's petrochemicals.
E It replaces the earlier SAFTA agreement.

Explanation: Under the India-Oman CEPA operationalised on June 1, 2026, Oman has granted duty-free access to 99.38% of India's exports by value, covering 98.08% of Oman's tariff lines.

3. Consider the following statements regarding the newly launched 'MAHA-Water Mission': 1. It is a joint initiative of ANRF and the Ministry of Jal Shakti. 2. The mission has an overall national financial outlay of Rs 200 crore. 3. Individual multidisciplinary consortia can receive funding of up to Rs 20 Crore per project. Which of the statements given above are correct?

A Only 1 and 2
B Only 2 and 3
C Only 1 and 3
D All 1, 2, and 3
E None of the above

Explanation: All statements are correct. The MAHA-Water Mission is a Rs 200 crore collaborative initiative of ANRF and the Jal Shakti Ministry, offering up to Rs 20 Crore per project to selected multidisciplinary consortia.

4. At the 22nd Asian Under-20 Athletics Championships held in Hong Kong, who set a new senior national record in the women's high jump with a leap of 1.93m to win gold?

A Mogali Venkatram
B Pooja Singh
C Nitin Gupta
D Vineet McCarty
E Suman Kalyanpur

Explanation: Pooja Singh struck gold in the women's high jump with a 1.93m effort, which set a new senior national record.

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