Question 1

India's top import item is

Accepted Answer

A) Coal 
B) Gold 
C) Fertilizer 
D) Crude oil 
A) Coal 
B) Gold 
C) Fertilizer 
D) Crude oil D

Question 2

By restricting imports through the quota system, the deficit is

Accepted Answer

A) Reduce 
B) Increase 
C) Improve 
D) None of the above 
A) Reduce 
B) Increase 
C) Improve 
D) None of the above A

Question 3

Exports that are estimated on free on board (f.o.b.) basis signifies that

Accepted Answer

A) the transportation costs, costs of insurance etc. are not included 
B) the transportation costs, costs of insurance etc. are included 
C) both (a) and (b) 
D) none of the above 
A) the transportation costs, costs of insurance etc. are not included 
B) the transportation costs, costs of insurance etc. are included 
C) both (a) and (b) 
D) none of the above A

Question 4

To make the exchange rate more realistic and to encourage exports and discourage imports, the Rupee was devalued in

Accepted Answer

A) 1991 
B) 1992 
C) 1996 
D) 1998 
A) 1991 
B) 1992 
C) 1996 
D) 1998

Question 5

Rupee is non-convertible in

Accepted Answer

A) Current account 
B) Capital account 
C) Both (a) and (b) 
D) None of the above 
A) Current account 
B) Capital account 
C) Both (a) and (b) 
D) None of the above

Question 6

India's top export item is/are

Accepted Answer

A) Mineral, fuels, oils, etc 
B) Gold 
C) Precious or semi-precious stones 
D) Fertilizers 
A) Mineral, fuels, oils, etc 
B) Gold 
C) Precious or semi-precious stones 
D) Fertilizers

Question 7

The most important item of import for India in terms of value is

Accepted Answer

A) Mobile handset 
B) POL 
C) Gold 
D) Electronic goods 
A) Mobile handset 
B) POL 
C) Gold 
D) Electronic goods

Question 8

Which of the following is not a type of disequilibrium in BOP?

Accepted Answer

A) Temporary disequilibrium 
B) Fundamental disequilibrium 
C) Structural disequilibrium 
D) Constant disequilibrium 
A) Temporary disequilibrium 
B) Fundamental disequilibrium 
C) Structural disequilibrium 
D) Constant disequilibrium

Question 9

Which of the following statements about the direction of India's foreign trade is correct?

Accepted Answer

A) The share of Asia and ASEAN in total trade has increased significantly 
B) The share of Asia and ASEAN in total trade has decreased significantly 
C) The share of Asia and ASEAN remain constant over the years 
D) The share of Asia and ASEAN is highly fluctuating 
A) The share of Asia and ASEAN in total trade has increased significantly 
B) The share of Asia and ASEAN in total trade has decreased significantly 
C) The share of Asia and ASEAN remain constant over the years 
D) The share of Asia and ASEAN is highly fluctuating

Question 10

The biggest exporter of goods to India during 2018-190 is

Accepted Answer

A) USA 
B) UAE 
C) China 
D) Japan 
A) USA 
B) UAE 
C) China 
D) Japan

Question 11

Deflation as a measure of correcting deficit in BOP tends to make

Accepted Answer

A) domestic goods relatively cheaper to foreign goods 
B) domestic goods relatively dearer to foreign goods 
C) foreign goods relatively cheaper to domestic goods 
D) foreign goods relatively dearer to domestic goods 
A) domestic goods relatively cheaper to foreign goods 
B) domestic goods relatively dearer to foreign goods 
C) foreign goods relatively cheaper to domestic goods 
D) foreign goods relatively dearer to domestic goods

Question 12

Fundamental disequilibrium is

Accepted Answer

A) A short-term nature 
B) A medium-term nature 
C) A long-term nature 
D) None of the above 
A) A short-term nature 
B) A medium-term nature 
C) A long-term nature 
D) None of the above

Question 13

The terms of trade measures

Accepted Answer

A) The terms of exchange between a unit of import and a unit of export 
B) The terms of exchange between a unit of one currency with a unit of other currencies 
C) The terms of exchange between a unit of one's commodity with a unit of other commodities 
D) None of the above 
A) The terms of exchange between a unit of import and a unit of export 
B) The terms of exchange between a unit of one currency with a unit of other currencies 
C) The terms of exchange between a unit of one's commodity with a unit of other commodities 
D) None of the above

Question 14

in 1991, India devalued its currency by 18 per cent to

Accepted Answer

A) 19% 
B) 20% 
C) 21% 
D) 22% 
A) 19% 
B) 20% 
C) 21% 
D) 22%

Question 15

The Indian rupee was made a freely convertible currency on current account since the year

Accepted Answer

A) 1981 
B) 1991 
C) 1994 
D) 2004 
A) 1981 
B) 1991 
C) 1994 
D) 2004

Question 16

Invisible exports and imports are the component of

Accepted Answer

A) Current account 
B) Capital account 
C) Savings account 
D) None of the above 
A) Current account 
B) Capital account 
C) Savings account 
D) None of the above

Question 17

Imports that are estimated on carriage, insurance and freight (c.i.f.) basis signifies that

Accepted Answer

A) the transportation costs, costs of insurance and freight get included. 
B) the transportation costs, costs of insurance and freight get excluded. 
C) Both (a) and (b) 
D) None of the above 
A) the transportation costs, costs of insurance and freight get included. 
B) the transportation costs, costs of insurance and freight get excluded. 
C) Both (a) and (b) 
D) None of the above

Question 18

Since the inception of planning era in 1951, India has been facing the problem of

Accepted Answer

A) Trade deficit 
B) Current account deficit 
C) Both (a) and (b 
D) None of the above 
A) Trade deficit 
B) Current account deficit 
C) Both (a) and (b 
D) None of the above

Question 19

When government imposed tariffs, it results in improvement of

Accepted Answer

A) Balance of trade situation 
B) Balance of payments situation 
C) International transactions 
D) Domestic transactions 
A) Balance of trade situation 
B) Balance of payments situation 
C) International transactions 
D) Domestic transactions

Question 20

Under Liberalized Exchange Rate Management Scheme, how much is the receipts on current account could be converted freely into rupees at market determined exchange rate?

Accepted Answer

A) 30 % 
B) 40 % 
C) 50 % 
D) 60 % 
A) 30 % 
B) 40 % 
C) 50 % 
D) 60 %

India's top import item is

By restricting imports through the quota system, the deficit is

Exports that are estimated on free on board (f.o.b.) basis signifies that

To make the exchange rate more realistic and to encourage exports and discourage imports, the Rupee was devalued in

Rupee is non-convertible in

India's top export item is/are

The most important item of import for India in terms of value is

Which of the following is not a type of disequilibrium in BOP?

Which of the following statements about the direction of India's foreign trade is correct?

The biggest exporter of goods to India during 2018-190 is

Deflation as a measure of correcting deficit in BOP tends to make

Fundamental disequilibrium is

The terms of trade measures

in 1991, India devalued its currency by 18 per cent to

The Indian rupee was made a freely convertible currency on current account since the year

Invisible exports and imports are the component of

Imports that are estimated on carriage, insurance and freight (c.i.f.) basis signifies that

Since the inception of planning era in 1951, India has been facing the problem of

When government imposed tariffs, it results in improvement of

Under Liberalized Exchange Rate Management Scheme, how much is the receipts on current account could be converted freely into rupees at market determined exchange rate?

Theories and Concepts in International Trade

Understanding International Trade Theories and Terms

Understanding Terms of Trade and Trade Gains Theory

Understanding Tariffs and Trade Policies

Understanding Tariffs and Quotas in International Trade

International Finance and Balance of Payments

Indias Balance of Payments and Foreign Trade: Part B

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Exam 7: Indias Balance of Payments and Foreign Trade: Part A

India's top import item is

By restricting imports through the quota system, the deficit is

Exports that are estimated on free on board (f.o.b.) basis signifies that

To make the exchange rate more realistic and to encourage exports and discourage imports, the Rupee was devalued in

Rupee is non-convertible in

India's top export item is/are

The most important item of import for India in terms of value is

Which of the following is not a type of disequilibrium in BOP?

Which of the following statements about the direction of India's foreign trade is correct?

The biggest exporter of goods to India during 2018-190 is

Deflation as a measure of correcting deficit in BOP tends to make

Fundamental disequilibrium is

The terms of trade measures

in 1991, India devalued its currency by 18 per cent to

The Indian rupee was made a freely convertible currency on current account since the year

Invisible exports and imports are the component of

Imports that are estimated on carriage, insurance and freight (c.i.f.) basis signifies that

Since the inception of planning era in 1951, India has been facing the problem of

When government imposed tariffs, it results in improvement of

Under Liberalized Exchange Rate Management Scheme, how much is the receipts on current account could be converted freely into rupees at market determined exchange rate?

Theories and Concepts in International Trade

Understanding International Trade Theories and Terms

Understanding Terms of Trade and Trade Gains Theory

Understanding Tariffs and Trade Policies

Understanding Tariffs and Quotas in International Trade

International Finance and Balance of Payments

Indias Balance of Payments and Foreign Trade: Part B

Filters