Foreign Trade Quiz Questions
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Foreign Trade Quiz Questions

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@RenownedOctagon

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Questions and Answers

What are the types of foreign trade discussed in the text?

  • Import trade and Export trade (correct)
  • Import trade, Export trade, and Entrepot trade
  • Export trade and Entrepot trade
  • Internal trade and Export trade

    • Which products are included in the export trends of India's foreign trade?

  • Engineering goods, Gems and Jewellery, and Textiles (correct)
  • None of these products
  • Engineering goods and Textiles
  • Gems and Jewellery, Textiles, and Gold

    • What is the role of foreign trade according to the text?

  • To encourage investment and lead to division of labour
  • Lead to division of labour and bring change in composition of exports
  • None of these roles
  • To earn foreign exchange and to encourage investment (correct)

    • Differentiate between Internal trade and International trade based on the text.

    <p>Internal trade occurs within a country, while International trade occurs between countries</p> Signup and view all the answers

    Explain the concept of Balance of payments vs. Balance of trade as discussed in the text.

    <p>Balance of payments refers to the difference in exports and imports, while Balance of trade refers to the total economic transactions of a country</p> Signup and view all the answers

    From the examples provided, which scenario represents an international trade activity?

    <p>England importing cotton from India, making garments, and selling them to Malaysia</p> Signup and view all the answers

    Which organisation had the maximum share in India's direction of imports in 1990-91?

    <p>OECD</p> Signup and view all the answers

    In 2015-16, which country/organisation saw the largest decrease in its share of India's imports compared to 1990-91?

    <p>Eastern Europe</p> Signup and view all the answers

    What was the percentage change in India's imports from Others from 1990-91 to 2015-16?

    <p>1.1%</p> Signup and view all the answers

    Based on the data provided, which sector showed the most significant increase in India's imports from 1990-91 to 2015-16?

    <p>Developing Nations</p> Signup and view all the answers

    Which region's share in India's imports decreased the most from 1990-91 to 2015-16?

    <p>OECD</p> Signup and view all the answers

    What was the overall change in India's imports from 1990-91 to 2015-16 based on the provided data?

    <p>Increased</p> Signup and view all the answers

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