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

Questions
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

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

Answer: Option [A]
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13 The most important small-scale industry in India is that of:
A jute
B textile
C handloom
D None of the above

Answer: Option [C]
14 The largest importer country of Indian textile is:
A Italy
B Russia
C Germany
D USA

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

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

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

Answer: Option [B]
18 From which Indian Railways earn the maximum revenue ?
A Traffic tax
B Passenger tax
C Freight
D Passenger fare

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

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

Answer: Option [B]
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