INDIAN ECONOMY MOCK TEST – CHAPTER 24

In the content of India’s merchandise exports, consider the following statements –

1. Drugs and pharmaceutical have the highest share.
2. The total merchandise export constitute more than 10 percent of the country’s GDP.

Which of the above is/are CORRECT ?

In the context of India’s imports, consider the following statements –

1. Crude petroleum constitute the highest share.
2. India’s total merchandise import is less than 15 percent of country’s GDP.

Which of the above statements is/are CORRECT ?

Consider the following statements in regard to FY2010-20,

1. India’s merchandise export as a percentage of GDP has declined.
2. India’s merchandise import as a percentage of GDP has declined.
3. India’s service export as a percentage of GDP has declined.
4. India’s service import as a percentage of GDP has declined.

Which of the above statements is/are CORRECT ?

In the context of FY2019-20, which of the following statements is/are CORRECT ?

1. With respect to previous financial year, there was a decrease in total exports in merchandise goods.
2. With respect to previous financial year, there was an increase in total imports in services.

In the context of Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC), which of the following statements is INCORRECT ?

Which of the following statements is INCORRECT ?

Which of the following is/are the objectives of India’s foreign trade policy ?

1. To boost ‘Make in India’ initiative.
2. To boost the exports of defence items.
3. To make agriculture sector more efficient through the use of technology.

Ease of Doing Business Report is published by

Consider the following items imported by India –

1. Crude Oil
2. Gold
3. Petroleum Products
4. Coal and Coke

The correct sequence of the decreasing order of these items as per figures for FY2019-20 is :

In the context of Indian economy, the visit of foreign nationals to India for tourism and leisure amounts to

With reference to Indian Ocean Rim Association for Regional Cooperation (IOR-ARC), Consider the following statements –

1. It was established very recently in response to incidents of piracy and accidents of oil spills.
2. It is an alliance meant for maritime security only.

Which of the statements given above is/are correct ?