India's Trade in Goods
Trending Questions
Which one of the following is not amongst India's major export items?
Basmati rice
Textiles and garments
Oil and petroleum products
Gems and jewellery
Which of the following statements is/are incorrect?
1. The top countries investing in India are UK, USA, Singapore, Japan, Mauritius and others.
2. Trade balance is nothing but import minus export. When the balance is negative, i.e., export is greater than import, the value is called a trade deficit.
Both statements are incorrect
Only statement 1 is incorrect
Only statement 2 is incorrect
Both statements are correct
Which of the followimg facts about India is/are correct?
1. India is an emerging economy.
2. India is positioned as the world’s 10th largest economy based on nominal GDP figures of 2016.
None of the statements is correct
Only statement 1 is correct.
Both statements are correct
Only statement 2 is correct.
India is the seventh largest economy in the world, however, it is only the tenth largest exporter, in terms of value.
True
False
Which one of the following is not amongst India's major import items?
Ayurvedic medicines
Oil and petroleum products
Pearls and precious stones
Machinery
What is trade deficit?
The amount by which the cost of a country's imports exceeds the value of its exports.
The amount by which the cost of a country's exports exceeds the value of its imports.
A situaton where there the value of exports is NIL.
None of the above
- Minerals
- Agriculture
- Textiles
- Gems
&
Jewellery - Chemical
Products - Leathers
- Iron
&
Steel - Gold
&
Silver
- All of these
- cm s−2
- ft s−2
- m s−2
