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India's Foreign Trade

Total questions: 24

Worksheet time: 12mins

Name
Class
Date
1.

____

occurs when a firm invests resources in business activities outside its home

country.

a)

Diversification

b)

FDI

c)

Cross national

commerce

d)

None of the

above

2.

India's

largest FDI as of 2020 is from

a)

China

b)

Singapore

c)

UK

d)

Mauritius

3.

EOU stands for

a)

Expected

Output per Unit

b)

Export Oriented

Unit

c)

Export Order

Undertaking

d)

None of the

above

4.

Removing

barriers or restrictions by the government policy is called

a)

Free

trade

b)

liberalisation

c)

Favourable trade

d)

FDI

5.

One

major government initiative to attract foreign companies to invest

in India is

a)

to raise

the standard of education

b)

to build special

economic zones

c)

to

promote unemployment in the public sector

d)

None of

the above

6.

______ is the instrument for implementing foreign policy of a state.

a)

Harmony

b)

Diplomacy

c)

Belief

d)

Co operator

7.

Our tradition and national ethos is to practice_________

a)

Fighting

b)

Nuclear weapons

c)

Disarmament

d)

Armed forces

8.

Foreign aid is a commonly used tool of foreign policy.

a)

True

b)

False

9.

Which is not related to our foreign policy

a)

World co operation

b)

World peace

c)

Racial equality

d)

Colonialism

10.

Which article of Indian constitution directs to adopt foreign policy?

a)

Article 50

b)

Article 51

c)

Article 52

d)

Article 53

11.
1.Which of the following items was not exported prior to independence?
a)
Cotton textiles
b)
Tea
c)
Jute
d)
Engineering goods
12.
which of the following is India’s highest exporting category? 
a)
Gems & Jewellery
b)
Agri-products 
c)
Readymade garments
d)
Coffee
13.
which of the following countries is the largest trading partner of India?
a)
US
b)
Uk
c)
UAE
d)
China
14.
india’s share in world export is:
a)
less than 1%
b)
1%
c)
1.7%
d)
greater than 2%
15.
India’s share in world import is :
a)
less than 1%
b)
1%
c)
1.5%
d)
greater than 2%
16.
Types of goods and services we export and import is called:  
a)
composition of trade
b)
balance of trade
c)
direction of trade
d)
none of these
17.
A strategy to earn foreign exchange by promoting domestic exports and  making domestic industry competitive in the international market is called:
a)
 inward looking strategy                   
b)
export promotion strategy
c)
outward looking strategy                 
d)
none of these
18.

Which minister plays a vital role in the molding foreign policy of our country?

a)

Defence Minister

b)

Prime Minister

c)

External Affairs Minister

d)

Home Minister

19.

India adopted the following ideas from USSR

a)

Socialism

b)

Capitalism

c)

Communism

d)

Democracy

20.

Inward looking trade strategy relies on:

a)

export promotion

b)

import substitution

c)

both (a) and (b)

d)

none of these

21.

Which of the following instrument of trade protection directly raises the price of the commodity in the domestic economy?

a)

Import tariff

b)

Export subsidy

c)

Import substitution

d)

Import liberalisation

22.

Which of the following industry will be classified under sunrise industry prior to 1991?

a)

Food processing industry

b)

Electronic industry

c)

Both (a) and (b)

d)

None of these

23.

Trade surplus occurs when

a)

export>import

b)

export<import

c)

export=import

d)

export#import

24.

Trade deficit occurs when

a)

export>import

b)

export<import

c)

export=import

d)

export#import

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