Foreign Trade Quiz Questions
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Foreign Trade Quiz Questions

Test your knowledge of foreign trade with these multiple-choice quiz questions covering types of foreign trade, export trends of India, and the role of foreign trade. Choose the correct option for each question!

Created by
@RenownedOctagon

Questions and Answers

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

Import trade and Export trade

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

Engineering goods, Gems and Jewellery, and Textiles

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

To earn foreign exchange and to encourage investment

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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