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Foreign Trade Quiz Questions

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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.

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

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

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

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

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

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

OECD 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?

Eastern Europe Signup and view all the answers

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

1.1% 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?

Developing Nations Signup and view all the answers

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

OECD 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?

Increased Signup and view all the answers