| 31. | India’s foreign trade during the planning period- |
A. Only increased in volume | |
B. Only increased in value | |
C. Increased in both quantity and value | |
D. Decreased in both quantity and value |
| 32. | Which statement is correct from the point of view of balance of trade in India during the planning period? |
A. Has been favorable over the years | |
B. Has been unfavorable in all years | |
C. Has adapted in only two years | |
D. Has been unfavorable only in two years |
| 33. | In which two years was the balance of trade favorable in India? |
A. 1970-71 and 1974-75 | |
B. 1972-73 and 1976-77 | |
C. 1972-73 and 1975-76 | |
D. 1971-72 and 1976-77 |
| 34. | Which of the following statements is true regarding India’s foreign trade in the last few years? |
A. Import has decreased | |
B. Exports are down | |
C. Imports have decreased but exports have increased | |
D. Both import and export have increased |
| 35. | How many times has India’s foreign trade balance been favorable during the plan period? |
A. Once | |
B. Twice | |
C. Three times | |
D. Four times |
| 36. | Which ministry has set up ‘India Brand Equity Fund’ to encourage Indian exports? |
A. Ministry of Commerce | |
B. Ministry of Industry | |
C. Ministry of finance | |
D. Home Ministry |
| 37. | When was ‘India Brand Equity Fund’ established? |
A. 1992 | |
B. 1996 | |
C. 1999 | |
D. 1998 |
| 38. | India’s Exports by Value to World Total Exports Trade – |
A. less than 1% | |
B. is 1% | |
C. is greater than 1% | |
D. is 2 % |
| 39. | Which of the following is the largest export item of India? |
A. Gems & Jewelery | |
B. Sewn clothes | |
C. Leather and shoes | |
D. Chemicals |
| 40. | Which of the following varieties has shown the fastest growth in the recent past? |
A. Gems and jewelery | |
B. Computer software | |
C. Steel | |
D. Oil refining |