Industries and Foreign Trade - Economics General Awareness Objective Questions with Answers

11 Which of the following states ranks first in terms of the maximum number of agro-based industries ?

A West Bengal

B Gujarat

C Punjab

D Assam

View Answer Comment

Answer: Option [C]

12 The performance of which of the following industries is considered performance of the core industry ?

A Oil and Petroleum

B Leather

C Iron and Steel

D Garments

View Answer Comment

Answer: Option [A]

13 The most important small-scale industry in India is that of:

A jute

B textile

C handloom

D None of the above

View Answer Comment

Answer: Option [C]

14 The largest importer country of Indian textile is:

A Italy

B Russia

C Germany

D USA

View Answer Comment

Answer: Option [A]

15 The difference between visible exports and visible imports is defined as

A Balanced terms of trade

B Balance of trade

C Gains from trade

D Balance of payment

View Answer Comment

Answer: Option [B]

16 UTI has been divided into two parts UTI-I and UTI-II. Which part has been kept under the control of the government ?

A UTI-I

B UTI-II

C Both the above

D None of the above

View Answer Comment

Answer: Option [A]

17 The part of separated UTI is under SEBI’s regulation is:

A UTI-I

B UTI-II

C Both the above

D None of the above

View Answer Comment

Answer: Option [B]

18 From which Indian Railways earn the maximum revenue ?

A Traffic tax

B Passenger tax

C Freight

D Passenger fare

View Answer Comment

Answer: Option [C]

19 The industry earns the second highest net foreign exchange from the trade is:

A Steel industry

B Gems and ornaments

C Textile industry

D Engineering goods industry

View Answer Comment

Answer: Option [D]

20 Among the following measures which is not likely to help in improving India’s balance of payments position ?

A Devaluation of the rupee

B Imposition of higher duty on exports

C Imposition of higher duty on imports

D Encouragement of import substitution

View Answer Comment

Answer: Option [B]

Industries & Foreign Trade - Indian Economy General Awareness Objective Questions and Answers

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