Impacts on Trade

Q.

India had a large export surplus under the colonial rule. However, the Indian economy did not benefit from this. Why?

1. There was a shortage of essential supplies in the Indian market because they were primarily exported

2. The gains from trade were used to fund the wars fought by the British

3. The gains from trade were used to cover the expenses of the British government in India.

4. All of these

Q.

India was profited by the opening of the Suez canal.

1. False

2. True

Q.

Suez canal is a waterway connecting ________

1. The Mediterranian sea to the Arabian sea

2. The Mediterranian sea to the Bay of Bengal

3. The Caspian sea to the Mediterranian sea

4. Pacific ocean and the Indian ocean

Q. Comment on the export and import of the Indian economy on the eve of independence

Q.

Briefly analyse the major changes in the direction of India s foreign trade since independence .

Q.

Which was the primary export destination of India under the colonial rule?

1. USA

2. Britain

3. China

4. Arab countries

Q. Why did the export surplus not increase Indian wealth?

1. The gold and silver earned from exports were used to purchase more expensive finished goods from Britain
2. The gold and silver earned from exports were used to purchase less expensive finished goods from Britain
3. The gold and silver earned from exports were used to purchase equally costing finished goods from Britain
4. None of the above

Q. The ratio of Exports to Imports was highest for which country?

1. I
2. J
3. K
4. A

Q. Which of the following is NOT "Public Corporation"?

1. Life Insurance Corporation of India
2. Employees State Insurance Corporation
3. Industrial Development Bank of India
4. State Trading Corporation

Q. As per some newspaper reports , the Asia-Pacific Region is facing various global crises. What are these crises?
A) Financial crises
B) Fuel and food crises
C) Climate change

1. Only B
2. Only A
3. All A, B and C
4. Only C