India's Trade in Goods

Q.

List and explain various incentives and schemes that the government has evolved for promoting the country's export.

Q.

Which commodities were exported from India ?

Q.

State the reasons to have international business?

Q.

Which one of the following is not amongst India's major export items?

1. Basmati rice

2. Textiles and garments

3. Oil and petroleum products

4. Gems and jewellery

Q.

India is the seventh largest economy in the world, however, it is only the tenth largest exporter, in terms of value.

1. True

2. False

Q.

What is trade deficit?

1. The amount by which the cost of a country's imports exceeds the value of its exports.

2. The amount by which the cost of a country's exports exceeds the value of its imports.

3. A situaton where there the value of exports is NIL.

4. None of the above

Q.

Which one of the following is not amongst India's major import items?

1. Ayurvedic medicines

2. Oil and petroleum products

3. Pearls and precious stones

4. Machinery

Q.

Define the role of small business in the following area:
a) Variety of products
b) Industry output & export
c) Balance development
d) Customization

Q.

What is the major reason underlying trade between nations ?

Q. Which one of the following is not amongst India's major import items?

1. Ayurvedic medicines
2. Oil and petroleum products
3. Pearls and precious stones
4. Machinery

Q.

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.

1. Both statements are incorrect

2. Only statement 1 is incorrect

3. Only statement 2 is incorrect

4. Both statements are correct

Q. _______ has placed India among the fastest growing information technology market in the world.

1. Urbanisation
2. Liberalization
3. Government policies
4. Strong demand over the past few years in developed economies

Q.

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.

1. None of the statements is correct

2. Only statement 1 is correct.

3. Both statements are correct

4. Only statement 2 is correct.

Q. Which country is called the Sugar Bowl of the World?

1. India
2. Cuba
3. U.S.A.
4. Indonesia

Q. The total trade deficit/surplus for all the countries put together was?

1. 11286 surplus
2. 11286 deficit
3. 10286 deficit
4. None of these

Q. Which of the following statement is incorrect?
(I) The small-scale industries sector plays a vital role in the growth of the country.
(II) SSI Sector in India creates very low employment opportunities for the Indian population.
(III) SSI Sector plays important role in India's present export performance.
Select the correct answer from the options given.

1. $2$ only
2. $3$ only
3. $1$ only
4. None of the above

Q.

What is the major reason underlying trade between nations ?

Q. Which of the following commodities are exported by India?

1. Minerals
2. Agriculture
3. Textiles
4. Gems
   &
   Jewellery
5. Chemical
   Products
6. Leathers
7. Iron
   &
   Steel
8. Gold
   &
   Silver

Q. State with reasons whether the following statements are true or False.

Very less quantity of small business is exported.

Q. India cannot support a vast population because _____.

1. economy is growing at a slow rate
2. literacy levels are low
3. health services are not adequate
4. food production is not adequate