Trade Industry

Q.

India earns maximum foreign exchange through the export of __________. General Knowledge - Q&A

1. jute

2. coffee

3. cotton

4. tea

Q. When does a trade deficit occur?

1. When exports are greater than imports.
2. When imports are greater than exports.
3. When imports are equal to exports in a country.
4. When savings are greater than expenditure.

Q. Which of the following is not an example of internal trade?

1. Ramesh selling a pair of shoes to his neighbour.
2. A resident of Jalandhar purchasing his clothes from Chennai.
3. Handicrafts of Jaipur being sold in Jaisalmer.
4. Tea of Assam being purchased by the government of England.

Q. Choose the correct statement with regards to Trade?

1. Internal trade happens within a state or between states of a country.
2. After independence of India, there was also a decline in exports of goods from India.
3. Internal trade has also contributed massively in exchange of valuable foreign currency.
4. Coal, cotton, rice, wheat, jute and iron are commodities which are included in Internal trade.

Q. Trade helps in building relations with other countries, exchange of goods and increase foreign exchange.

1. True
2. False

Q. Exports and Imports belong to which broad industry?

1. Tourism
2. Trade
3. Automobile
4. Minerals