Tag: trading and economic organisations

Questions Related to trading and economic organisations

The important components of foreign trade of a country are _________.

commerce nature and scope of foreign trade characteristics, necessity, importance, advantages and disadvantages of foreign trade importance, scope and benefits of international trade trading and economic organisations

  1. terms of trade, balance of trade and balance of payment

  2. the volume of trade, the composition of trade and the direction of trade

  3. terms of trade and the volume of trade

  4. terms of trade and the direction of trade

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Correct Option: B

Initial Investment leads to a large increase in income and expenditure, due to ___________.

commerce nature and scope of foreign trade characteristics, necessity, importance, advantages and disadvantages of foreign trade importance, scope and benefits of international trade trading and economic organisations

  1. fiscal deficit

  2. multiplier effect

  3. giffen effect

  4. veblen effect

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Correct Option: B

The chief imports of Australia is ________________.

organisation of commerce and management tertiary and quaternary economic activities trading and economic organisations india and her neighbours india and other countries

  1. Gold, cotton, iron and rice

  2. Cigarettes, motorcars, cotton clothes, machines and petroleum

  3. Coal, iron and wool

  4. Meat, wheat, silver and woollen clothes

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Correct Option: B

The total value of annual export from India comes to about ______________.

organisation of commerce and management tertiary and quaternary economic activities trading and economic organisations india and her neighbours india and other countries

  1. Rs. $22,003$ crore

  2. Rs. $32,500$ crore

  3. Rs. $44,000$ crore

  4. Rs. $57,800$ crore

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Correct Option: C

Which of the following is not one of the principal commodities exported by India?

organisation of commerce and management tertiary and quaternary economic activities trading and economic organisations india and her neighbours india and other countries

  1. jute manufatures

  2. Leather goods

  3. Iron ore

  4. Paper

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Correct Option: D

Which of the following is not one of the principal commodities imported by India?

organisation of commerce and management tertiary and quaternary economic activities trading and economic organisations india and her neighbours india and other countries

  1. Transport equipment

  2. Medicines and pharmaceutical products

  3. Fertilizers

  4. Tobacco

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Correct Option: D

Which one of the following terms is used to describe trade between two or more countries?

organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

  1. Internal trade

  2. International trade

  3. External trade

  4. Local trade

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Correct Option: B
Explanation:

 It may take place through sea, air or land routes. 

Which of the following commodities is imported from Egypt?

organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

  1. Leather goods

  2. Cotton

  3. Jute manufactures

  4. Handlooms

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Correct Option: B

Which of the following items is not exported by India?

organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

  1. Readymade garments

  2. Wool

  3. Footwear

  4. Silk fabrics

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Correct Option: B

What is the chief export from New Zealand?

organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

  1. Wool

  2. Oil

  3. Motor car

  4. Cigarette

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Correct Option: A