MCQ 11 Mark
A balance of payments has how many accounts?
MCQ 21 Mark
What is Balance of Trade?
AnswerCorrect option: C. Balance of Merchandise $($Visible$)$ Trade
View full question & answer→MCQ 31 Mark
Which countries can be included in the list of India’s traditional trade partners?
MCQ 41 Mark
Which significant changes has occurred in India’s foreign trade after $2005?$
- ✓
The size of trade has increased and India’s rank in the world trade has risen.
- B
The size of trade has increased and India’s rank in the world trade has fallen.
- C
India’s balance of payment has continuously recorded a deficit.
- D
The share of traditional exports in trade has increase.
AnswerCorrect option: A. The size of trade has increased and India’s rank in the world trade has risen.
View full question & answer→MCQ 51 Mark
In today's time which factor of production is the most mobile in international trade?
MCQ 61 Mark
What happens owing to Trade?
- A
The mobility of factors of production declines.
- B
The number of industries declines.
- C
Production process slows down.
- ✓
Diversification in production occurs.
AnswerCorrect option: D. Diversification in production occurs.
View full question & answer→MCQ 71 Mark
In which of the following countries, did India’s export increase till $2014?$
- A
- B
$USA$
- C
- ✓
$OPEC$ countries
AnswerCorrect option: D. $OPEC$ countries
View full question & answer→MCQ 81 Mark
Balance of Payments has how many accounts?
MCQ 91 Mark
What does rise in exchange rate for India mean?
- ✓
Value of Indian currency declines in international market
- B
Value of India currency rises in international market
- C
Demand of imports tend to increase
- D
AnswerCorrect option: A. Value of Indian currency declines in international market
View full question & answer→MCQ 101 Mark
What was India’s exports to England after $2007-08?$
- A
$0.127$
- B
$0.048$
- ✓
$0.04$
- D
$0.16$
AnswerCorrect option: C. $0.04$
View full question & answer→MCQ 111 Mark
What is the share of Baltic regions in the India’s merchandise imports in the year $2014-15?$
- A
$0.05$
- B
$0.11$
- ✓
$0.01$
- D
$0.06$
AnswerCorrect option: C. $0.01$
View full question & answer→MCQ 121 Mark
Which of the following is not a factor that influences Balance of Payments?
- A
- B
- ✓
Political development of the nation
- D
Prices of tradable good in home country and foreign country
AnswerCorrect option: C. Political development of the nation
View full question & answer→MCQ 131 Mark
Which of the following is said to happen in balance of payments, if the receipts are more than the payments?
MCQ 141 Mark
What was the market share of Latin America in India’s merchandise exports in the year $2015?$
- A
$0.5$
- ✓
$0.11$
- C
$0.18$
- D
$0.06$
AnswerCorrect option: B. $0.11$
View full question & answer→MCQ 151 Mark
Which system states that a balance of payment always balances?
- A
Single entry book keeping system
- ✓
Double entry book keeping system
- C
- D
Both $(A)$ and $(B)$
AnswerCorrect option: B. Double entry book keeping system
View full question & answer→MCQ 161 Mark
What is known as a systematic account of value of transactions of a country with the rest of the world in goods and services, transfer payments and capital?
MCQ 171 Mark
Which country had $50\%$ of share in $2014 – 15$ of total merchandise exports of India?
View full question & answer→MCQ 181 Mark
In which decade did Russia face economic crisis?
- A
$1960s$
- B
$1970s$
- ✓
$1980s$
- D
$1990s$
AnswerCorrect option: C. $1980s$
View full question & answer→MCQ 191 Mark
Which country was India most dependent on for imports after independence?
MCQ 201 Mark
Which of the following is a requirement for a country in order to develop trade relations with countries?
- A
Capability to undertake production of large variety of goods
- B
Good political and diplomatic relations with many countries
- C
Readiness to undertake several diplomatic engagements with other nations
- ✓
View full question & answer→MCQ 211 Mark
What was the share of jute in total merchandise exports in the year $1960-61?$
- ✓
$0.21$
- B
$0.123$
- C
$0.1$
- D
$0.193$
AnswerCorrect option: A. $0.21$
View full question & answer→MCQ 221 Mark
In which year, was the share of novel goods $46.5\%$ of total merchandise imports?
- A
$2013-14$
- ✓
$2014-15$
- C
$2011-12$
- D
$2000-01$
AnswerCorrect option: B. $2014-15$
View full question & answer→MCQ 231 Mark
What was the share of capital intensive goods in India’s merchandise imports in $2014-15?$
- A
$0.317$
- B
$0.191$
- C
$0.039$
- ✓
$0.098$
AnswerCorrect option: D. $0.098$
View full question & answer→MCQ 241 Mark
What was the share of food imports in India’s total merchandise imports in the year $1961?$
- A
$0.208$
- B
$0.154$
- ✓
$0.191$
- D
$0.039$
AnswerCorrect option: C. $0.191$
View full question & answer→MCQ 251 Mark
What was the percentage share of India’s trade in $GDP$ in the year $2014?$
- A
$0.35$
- B
$0.418$
- ✓
$0.383$
- D
$0.4$
AnswerCorrect option: C. $0.383$
View full question & answer→MCQ 261 Mark
What was the balance of trade of India in the year $2014 – 2015?$
- A
$-1.5$ million
- B
$-9.2$ million
- C
$-183$ million
- ✓
$-137.5$ million
AnswerCorrect option: D. $-137.5$ million
View full question & answer→MCQ 271 Mark
What was the size of merchandise exports to India’s foreign trade in $1998- 99?$
- ✓
$33.2$ million
- B
$17.9$ million
- C
$42.4$ million
- D
$310.5$ million
AnswerCorrect option: A. $33.2$ million
View full question & answer→MCQ 281 Mark
What was the rank of India in terms of share of exports to world exports in the year $2005?$
- ✓
$29th$
- B
$19th$
- C
$10th$
- D
$20th$
AnswerCorrect option: A. $29th$
View full question & answer→MCQ 291 Mark
What was the share of India in total trade in world trade in $2015?$
- ✓
$0.0207$
- B
$0.017$
- C
$0.016$
- D
$0.009$
AnswerCorrect option: A. $0.0207$
View full question & answer→MCQ 301 Mark
What was the average annual growth of world trade during $2015- 2016?$
- A
$0.05$
- ✓
$0.028$
- C
$0.0655$
- D
$0.0365$
AnswerCorrect option: B. $0.028$
View full question & answer→MCQ 311 Mark
What was the share of world imports of developing economies in the year $1980?$
- A
$0.42$
- B
$0.54$
- C
$0.32$
- ✓
$0.29$
AnswerCorrect option: D. $0.29$
View full question & answer→MCQ 321 Mark
What is the share of developing economies in world exports in the year $2011?$
- A
$0.34$
- B
$0.5$
- ✓
$0.47$
- D
$0.65$
AnswerCorrect option: C. $0.47$
View full question & answer→MCQ 331 Mark
What is the driving force behind today’s global trading system?
- ✓
Decrease in transport and communication services
- B
- C
Increase in commuting of people from one country to another
- D
Decrease of resources in developing countries
AnswerCorrect option: A. Decrease in transport and communication services
View full question & answer→MCQ 341 Mark
How much has the world merchandise and commercial services trade increased in the last $30$ years?
- A
$5\%$ per year
- ✓
$7\%$ per year
- C
$10\%$ per year
- D
$15\%$ per year
AnswerCorrect option: B. $7\%$ per year
View full question & answer→MCQ 351 Mark
Which historians’’research has been stated in world trade report $– 2013?$
View full question & answer→MCQ 361 Mark
According to world trade report- $2013,$ how much has the world trade grown from the mid$-1800s?$
- A
$6-$fold
- B
$60-$fold
- C
$120-$fold
- ✓
$140-$fold
AnswerCorrect option: D. $140-$fold
View full question & answer→MCQ 371 Mark
What has to be obtained by the buyer from the banks for assurance of ^ payments to the seller?
MCQ 381 Mark
Which of the following is organized by Gujarat government as a meet of representatives of government and businesses?
- A
- ✓
- C
Gujarat Fellowship Program
- D
View full question & answer→MCQ 391 Mark
Which of the following is not involved as a commercial activity of trade?
- A
- B
- C
- ✓
Exchange of students for education programme
AnswerCorrect option: D. Exchange of students for education programme
View full question & answer→MCQ 401 Mark
Which factor of production is least mobile in international trade?
MCQ 411 Mark
During the year $2015-16$ what was the average growth rate of World Trade?
- A
$5\%$
- B
$6.89\%.$
- C
$3.65\%$
- ✓
$2.8\%.$
AnswerCorrect option: D. $2.8\%.$
View full question & answer→MCQ 421 Mark
What is meant by devaluation of rupee?
AnswerCorrect option: A. Payment of $1$ is made costlier in rupee by Government.
View full question & answer→MCQ 431 Mark
Which of the following type of credit and debit is of one way?
MCQ 441 Mark
Which of the following is not included in the capital account of balance of payments?
- ✓
Credit & Debit of Capital.
- B
- C
Short term Debit-Lending.
- D
Purchase & Sale of goods.
AnswerCorrect option: A. Credit & Debit of Capital.
View full question & answer→MCQ 451 Mark
From $1960-61$ to $2014-15$ of which item export share in percentage increased?
View full question & answer→MCQ 461 Mark
How many percent shares were of import of eatables in the year $2014-15$ of total imports?
- ✓
$3.9\%$
- B
$9.8\%$
- C
$2.2\%$
- D
$9.3\%.$
AnswerCorrect option: A. $3.9\%$
View full question & answer→MCQ 471 Mark
When was India recognized as emerging economy in developing country of the world?
- A
After $1956$
- B
After $1980$
- C
After $1991$
- ✓
After $2000.$
AnswerCorrect option: D. After $2000.$
View full question & answer→MCQ 481 Mark
What was India’s share of percentage in $GDP$ of trade in $2014?$
- A
$13.9$
- B
$19$
- C
$41.8$
- ✓
$38.3.$
AnswerCorrect option: D. $38.3.$
View full question & answer→MCQ 491 Mark
What is the status of India in number in India’s trade in $2014?$
- A
$15^{th}$
- B
$17^{th}$
- ✓
$19^{th}$
- D
$29^{th}$
AnswerCorrect option: C. $19^{th}$
View full question & answer→MCQ 501 Mark
In the last some decade the growth rate of world trade has increases to how much time than world $GDP$ rate?
View full question & answer→