Topics / Geography
Indian Geography Trade
Asked 3 times in UPSC Prelims · first asked 2003 · last asked 2020
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With reference to the international trade of India at present, which of the following statements is/are correct?
1. India's merchandise exports are less than its merchandise imports.
2. India's imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years.
3. India's exports of services are more than its imports of services.
4. India suffers from an overall trade/current account deficit.
Select the correct answer using the code given below:
2020Economy
With reference to the international trade of India at present, which of the following statements is/are correct? 1. India's merchandise exports are less than its merchandise imports. 2. India's imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years. 3. India's exports of services are more than its imports of services. 4. India suffers from an overall trade/current account deficit. Select the correct answer using the code given below:
Explanation
In the current scenario of India's international trade, the following statements are correct: 1. India's merchandise imports exceed its merchandise exports. 2. Imports of iron and steel, chemicals, fertilisers, and machinery in India have seen a decline in recent years. 3. India's exports of services surpass its imports of services. 4. India faces an overall trade and current account deficit. Therefore, the correct answer is option (d) 1, 3, and 4 only.
Which one of the following sets of commodities are exported to India by arid and semi-arid countries in the Middle East?
2009Geography
Which one of the following sets of commodities are exported to India by arid and semi-arid countries in the Middle East?
Explanation
Arid and semi-arid countries in the Middle East export fruits and palm oil to India.
Among the following commodities imported by India during the year 2000-01, which one was the highest in terms of rupee value?
2003Geography
Among the following commodities imported by India during the year 2000-01, which one was the highest in terms of rupee value?
Explanation
During the fiscal year 2000-01, India imported various commodities, and among them, the highest in terms of rupee value was pearls, precious and semi-precious stones. This category made up around 8.3% of the total imports during that period.