Download App

Foreign Trade of India — Economics STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsForeign Trade of India1 Mark
MCQ
Trade surplus means –
(a) Export value > Import value
(b) Export value < Import value
(c) Export value = Import value
(d) All of these
  • ✓
    only a
  • B
    b and c
  • C
    only b
  • D
    only d
✓

Answer

Correct option: A.
only a
only a

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Choose the correct option" from Foreign Trade of India→Foreign Trade of India — all question types→Economics STD 12 Commerce / Arts question papers→Maharashtra Board STD 12 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

According to Walter Krause definition of Balance of Payment, value of exchange of goods and services is considered among –
(a) the citizens and businessmen
(b) the firms
(c) the government
(d) none of these
→
Demand for air conditions is ………….
→
Choose the correct pair:

Image

→
Role of foreign trade is
a) To earn foreign exchange
b) To encourage investment
c) Lead to division of labour
d) Bring change in composition of exports
→
Composite demand.
(a) Electricity
(b) Water
(c) Steel
(d) Xerox machine
→
The share of India’s foreign trade in Gross National Income during 2016-17 was –
(a) 25%
(b) 17.55
(c) 48.8 %
(d) None of these
→
What do Index numbers measure?
(a) Value of money
(b) Relative prices
(c) Relative change in prices
(d) All of these
→
Central Bank has the ………….. of cash reserve of commercial Bank in the country.
→
(A) : Foreign exchange management and control is undertaken by commercial banks.
Reasoning (R) : RBI has to maintain the official rate of exchange of rupee and ensure its stability.
→
Types of foreign trade
a) Import trade
b) Export trade
c) Entrepot trade
d) Internal trade
→