Tag: trading and economic organisations

Quizzes (0) Questions (94)

Questions Related to trading and economic organisations

Multiple choice 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

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

  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
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The three fundamental components used to analyze a country's foreign trade are the volume (how much), the composition (what goods), and the direction (to/from whom).

Multiple choice 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

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

  1. fiscal deficit

  2. multiplier effect

  3. giffen effect

  4. veblen effect
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The multiplier effect in economics describes how an initial injection of investment leads to a larger final increase in national income.

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

The chief imports of Australia is ________________.

  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
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Australia's import profile historically includes manufactured goods like motorcars, machinery, petroleum products, and various consumer goods like cigarettes and clothing.

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

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

  1. Rs. $22,003$ crore
  2. Rs. $32,500$ crore
  3. Rs. $44,000$ crore
  4. Rs. $57,800$ crore
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is a specific historical statistic regarding India's annual exports, which was cited in older textbooks as Rs. 44,000 crore.

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

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

  1. jute manufatures

  2. Leather goods

  3. Iron ore

  4. Paper
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

While India exports jute, leather, and iron ore, paper is generally not considered one of the principal commodities exported by India in the context of these economic datasets.

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

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

  1. Transport equipment

  2. Medicines and pharmaceutical products

  3. Fertilizers

  4. Tobacco
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India imports significant amounts of transport equipment, medicines, and fertilizers, but tobacco is not a principal import commodity.

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

Which of the following items is not exported by India?

  1. Readymade garments

  2. Wool

  3. Footwear

  4. Silk fabrics
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India is a major producer and exporter of textiles, garments, and footwear. Raw wool is generally imported by India to meet the requirements of its domestic woolen industry.