Foreign Trade of India
Economics ⇒ Indian Economy
Foreign Trade of India starts at 11 and continues till grade 12.
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See sample questions for grade 11
Explain the difference between balance of trade and balance of payments.
Explain the impact of foreign trade on employment in India.
Explain the role of foreign trade in economic development of India.
Explain the term 'balance of payments'.
Explain the term 'export duty'.
Explain the term 'import substitution'.
Name any two major items that India imports.
Name the two main accounts of the balance of payments.
Which of the following is a major export item of India? (1) Petroleum products (2) Crude oil (3) Gold (4) Automobiles
Which of the following is a major trading partner of India? (1) Brazil (2) Australia (3) United States (4) South Africa
Which of the following is a non-tariff barrier to trade? (1) Customs duty (2) Import quota (3) Export tax (4) Sales tax
Which of the following is a visible item in foreign trade? (1) Tourism (2) Software services (3) Machinery (4) Banking services
Fill in the blank: The _______ account of the balance of payments includes foreign investments and loans.
Fill in the blank: The _______ is a document required for customs clearance of goods in foreign trade.
Fill in the blank: The _______ is an institution that provides insurance to Indian exporters against risks of non-payment.
Fill in the blank: The _______ is the government body responsible for formulating India's foreign trade policy.
True or False: Devaluation of the Indian rupee makes Indian exports cheaper in the international market.
True or False: Entrepot trade involves importing goods for the purpose of re-exporting them to other countries.
True or False: Export-oriented industries in India receive various incentives from the government.
True or False: Import quotas are used to restrict the quantity of goods that can be imported into a country.
