Question

_________ is the single largest item of import.

• A. Fertilisers
• B. Newsprint
• C. Petroleum
• D. Machinery equipment

Answer 1

The correct option is C Petroleum

1. As we know that India produces just 20% crude oil of its requirement and rests 80% is imported from abroad.
2. Crude oil and other related products account for around 22% total import bill of India.
3. The second spot is acquired by the capital goods (machinery, base metal, transport equipment) which accounts for 19.2% of the total Indian imports.
4. The third spot is secured by the import of gems and jewelry (16.8 %of the total imports)
5. The fourth and the fifth spot is secured by the chemical & related products (12.7%) and electronic goods (11.4%) respectively.