International Trade – Old Year Questions

 1. The Government of India announced a new scheme ‘NIRVIK’ in the Budget for 2020-21. Which of the following sectors of economy will take the benefit from this scheme?

(a) Agricultural sector
(b) Industrial sector
(c) Health sector
(d) Export sector
(e) None of the above / More than one of the above

[66th B.P.S.C. (Pre) 2020]


2. Read the following statements about Supply Chain Resilience Initiative (SCRI) :

1. In the context of International trade, supply chain resilience is an approach that helps a country to ensure uninterrupted supply of import in an unexpected situation.
2. This is an initiative of five countries, India is one of them.

Choose the correct code :

(a) Only 1 is true
(b) Only 2 is true
(c) Neither 1 nor 2 is true
(d) Both 1 and 2 are true

[R.A.S./ R.T.S. (Pre) 2021]


3. Which Ministry of Government of India is related for India’s Foreign Trade Policy?

(a) Ministry of Defence
(b) Ministry of External Affairs
(c) Ministry of Commerce and Industry
(d) Ministry of Home Affairs

[M.P.P.C.S. (Pre) 2019]


4. The long-term vision of the Department of Commerce is to make India a major player in the world trade by :

(a) 2018
(b) 2019
(c) 2020
(d) 2021

[U.P.P.C.S. (Mains) 2014, 2017, U.P. R.O./A.R.O. (Mains) 2014]


5. 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, fertilizers 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:

(a) 1 and 2 only
(b) 2 and 4 only
(c) 3 only
(d) 1, 3 and 4 only

[I.A.S. (Pre) 2020]


6. In 2011-12, data of external trade of India reached at about :

(a) Rs. 71,000 crore
(b) Rs. 81,000 crore
(c) Rs. 91,000 crore
(d) Rs. 101,000 crore

[U.P. R.O./A.R.O. (Mains) 2014]


7. During 2011-12, the value of India’s external trade was more than :

(a) Rs. 10,200 crore
(b) Rs. 10,300 crore
(c) Rs. 91,000 crore
(d) Rs. 1,01,000 crore

[U.P.P.C.S. (Mains) 2015*]


8. Which of the following statements is correct about ‘India’s Trade Gross Domestic Product’ ratio?

(a) India’s Trade GDP ratio has been more than 50% since 2000
(b) India’s Trade GDP ratio was minimum in 2007
(c) India’s Trade GDP ratio was 46.02% in 2019
(d) India’s Trade GDP ratio in 2019 was less than 2018 by nearly 3.4%

[U.P. R.O. / A.R.O. (Mains) 2016]


9. India’s total merchandise trade as a percentage of GDP has increased from 29.5% in 2004-05 to what percentage in 2012-13?

(a) 30.5%
(b) 40.6%
(c) 45.6%
(d) 50.6%

[U.P. P.C.S. (Mains) 2014, U.P. R.O. / A.R.O. (Mains) 2014]


10. The combined share of exports and imports of goods was 14.2 percent of GDP in 1990-91. In 2011-12 this share became :

(a) almost two times that of 1990-91
(b) almost three times that of 1990-91
(c) almost five times that of 1990-91
(d) almost ten times that of 1990-91

[U.P. P.C.S (Mains) 2013]


11. The exports of goods and services from India as a percentage of India’s GDP in 2010-11 was :

(a) 26 percent
(b) 24 percent
(c) 22 percent
(d) 20 percent

[U.P. U.D.A./L.D.A. (Spl.) (Pre) 2010]


12. In 1950, India’s share in global exports was 1.85 percent, but today it is :

(a) 0.60 per cent
(b) 1.00 per cent
(c) 2.00 per cent
(d) 2.50 per cent

[U.P.P.C.S. (Pre) 1998]


13. What was the share of India in total world export in the year 2013?

(a) 1.8 percent
(b) 1.7 percent
(c) 1.9 percent
(d) 2.0 percent
(e) 0.7 percent

[Chhattisgarh P.C.S. (Pre) 2014]


14. What was the rank of India in Commercial Services Exports in the world in 2014?

(a) 7th
(b) 8th
(c) 9th
(d) 10th

[Uttarakhand P.C.S. (Pre) 2016]


15. Which country has the largest share in international trade?

(a) China
(b) France
(c) Germany
(d) U.S.A.

[U.P. U.D.A./L.D.A. (Pre) 2013]


16. Which one of the following regions has emerged as the largest International Trade Partner (Export and Import) of India in 2008-09?

(a) European Union
(b) North America
(c) Asia and ASEAN
(d) Africa

[U.P.P.C.S. (Mains) 2009]


17. Which one of the following regions of the world supplies the maximum of our imported commodities (in terms of rupee value)?

(a) Africa
(b) America
(c) Asia and Oceania
(d) Europe

[I.A.S. (Pre) 1998]


18. Which one of the following regions had the largest share of India’s imports in 2009-10?

(a) Asia and ASEAN
(b) Europe
(c) North America and Canada
(d) South America and Africa

[U.P. U.D.A./L.D.A. (Pre) 2010]


19. More than 50 percent of India’s import comes from :

(a) African countries
(b) Asian countries
(c) American countries
(d) European countries

[U.P.P.C.S. (Mains) 2006]


20. With which of the following groups of countries India has the largest import trade?

(a) OECD
(b) OPEC
(c) Eastern Europe
(d) Developing countries

[U.P.U.D.A./L.D.A. (Pre) 2001]


21. In 2011 which two countries accounted for the largest share percent in India’s total trade with rest of the world?

(a) China and UAE
(b) USA and Saudi Arabia
(c) UAE and Saudi Arabia
(d) Germany and Japan

[U.P.P.C.S. (Mains) 2013]


22. Which of the following countries is India’s largest trading partner?

(a) UK
(b) USA
(c) Canada
(d) Japan

[U.P.P.C.S. (Pre) 2007]


23. Which of the following countries is India’s top trading partner in 2019-20?

(a) USA
(b) China
(c) UAE
(d) Saudi Arabia
(e) None of the above/More than one of the above

[66th B.P.S.C. (Pre) 2020]


24. India has the maximum volume of foreign trade with:

(a) USA
(b) Japan
(c) Germany
(d) UAE

[I.A.S. (Pre) 2002]


25. At present, which country of the following is the largest partner of India in total international trade?

(a) United Arab Emirates
(b) Saudi Arabia
(c) United States of America
(d) China
(e) None of these

[Chhattisgarh P.C.S (Pre) 2015]


26. Among the following countries India’s trade balance surplus is maximum with which country in 2019-20?

(a) USA
(b) China
(c) Japan
(d) United Arab Emirates

[U.P.P.C.S. (Pre) 2021]


27. With which of the following nations, India’s trade on current account is more in the foreign trade balance?

(a) Japan
(b) China
(c) Saudi Arabia
(d) USA

[U.P.P.C.S. (Spl.) (Mains) 2004]


28. The largest part of India’s import (in value) comes from:

(a) China
(b) Saudi Arabia
(c) United Arab Emirates
(d) U.S.A.

[U.P.P.C.S. (Mains) 2010, U.P. U.D.A./L.D.A. (Pre) 2010]


29. Which of the following countries is the largest source of India’s total imports?

(a) UAE
(b) Switzerland
(c) Hong Kong
(d) China

[M.P. P.C.S. (Pre) 2013]


30. Consider the following statements:

1. The value of Indo-Sri Lanka trade has consistently increased in the last decade.
2. ‘Textile and textile articles’ constitute an important item of trade between India and Bangladesh.
3. In the last five years, Nepal has been the largest trading partner of India in South Asia.

Which of the statements given above is/are correct?

(a) 1 and 2 only
(b) 2 only
(c) 3 only
(d) 1, 2 and 3

[I.A.S. (Pre) 2020]


31. Assertion (A): The USA re-emerged as India’s single largest import source in the early nineties.
Reason (R): With swift political developments in the erstwhile Soviet Union, India gradually began to rely on the USA for its defense requirements.

In the context of the above two statements which of the following is correct?

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true, but (R) is not a correct explanation of (A)
(c) (A) is true, but R is false
(d) (A) is false, but R is true

[I.A.S. (Pre) 1994]


32. The largest part of India’s exports (in value) goes to :

(a) China
(b) Singapore
(c) United Arab Emirates
(d) United States of America

[U.P.P.C.S. (Mains) 2010]


33. In the year 2009-10, which of the following countries accounted for largest share in exports from India ?

(a) UAE
(b) China
(c) USA
(d) Saudi Arabia

[U.P.P.C.S. (Mains) 2010, U.P. U.D.A./L.D.A. (Spl.) (Pre) 2010]


34. In India’s total exports, the share of United States of America is :

(a) 30 percent
(b) 25 percent
(c) 20 percent
(d) 15 percent

[U.P.P.C.S. (Mains) 2002]


35. Which of the following statements is correct about the balance of trade of India?

(a) India’s trade balance remained negative for the entire period from 1949-50 to 2015-16.
(b) India’s trade balance remained positive for the entire period from 1949-50 to 2015-16.
(c) India’s trade balance remained negative for the entire period from 1949-50 to 2015-16 except two years 1972-73 and 1976-77, when it was positive.
(d) India’s trade balance remained positive for the entire period from 1949-50 to 2015-16 except two year 1972-73 and 1976-77, when it was negative.

[R.A.S./R.T.S. (Pre) 2016]


36. In which of the following years was the trade balance favourable to India :

(a) 1970-71 and 1974-75
(b) 1972-73 and 1976-77
(c) 1972-73 and 1975-76
(d) 1971-72 and 1976-77

[56th to 59th B.P.S.C. (Pre) 2015]


37. Assertion (A): India’s trade deficit, after reaching the highest level in the year 2012-13 registered continuous decline since 2013-14.
Reason (R): There was a general decline in both P.O.L. and Non-P.O.L. deficits since 2013-14.

Codes :
(a) Both (A) and (R) are correct and (R) is the correct explanation of (A).
(b) Both (A) and (R) are correct but (R) is not the correct explanation of (A).
(c) (A) is correct but (R) is false.
(d) (A) is false but (R) is correct.

[U.P.P.C.S. (Mains) 2017]


38. Which of the following is included in Balance of Trade?

(a) Goods
(b) Services
(c) Transfer of payment
(d) All of the above

[U.P. P.C.S. (Mains) 2016]


39. Net export equals to :

(a) Export × Imports
(b) Export + Imports
(c) Export – Imports
(d) Exports of services only

[U.P. R.O./A.R.O. (Mains) 2017]


40. The payment of foreign trade is related with :

(a) The merits of import
(b) The merits of export
(c) The multiplier of foreign trade
(d) Balance of Payment

[M.P.P.C.S. (Pre) 2015]


41. Term ‘Balance of Payment’ is used in relation to which of the following ?

(a) Annual sale of a factory
(b) Tax collection
(c) Exports & Imports
(d) None of the above

[U.P.P.C.S. (Mains) 2012]


42. The Balance of Payments (BoP) of a country is a systematic record of :

(a) all import and export transactions of a country during a given period of time, normally a year
(b) goods exported from a country during a year
(c) economic transaction between the government of one country to another
(d) capital movements from one country to another

[I.A.S. (Pre) 2013]


43. Balance of Payment is defined as :

(a) The value of exports minus the value of imports.
(b) The difference between the liabilities and assets of a firm.
(c) The difference between current expenditure and current revenue in the government budget.
(d) Complete record of all economic transactions between the residents of a country and rest of the world.

[U.P.P.C.S. (Pre) 1994]


44. Balance of payment includes :

(a) Visible Trade
(b) Invisible Trade
(c) Borrowings
(d) All of the above

[U.P.P.C.S. (Pre) 2009]


45. With reference to Balance of Payments, which of the following constitutes/constitute the Current Account?

1. Balance of trade
2. Foreign assets
3. Balance of invisibles
4. Special Drawing Rights

Select the correct answer using the code given below.

(a) 1 only
(b) 2 and 3
(c) 1 and 3
(d) 1, 2 and 4

[I.A.S. (Pre) 2014]


46. Given below are two statements, one labelled as Assertion (A) and the other as Reason (R).
Assertion (A) : When the payments made by a country exceeds its receipts from trade of goods, services, transfer and net income, is called Current Account Deficit (CAD).
Reason (R) : Current Account Deficit (CAD) occurs when a country exports more goods, services and capital.

Choose the correct answer from the code given below.

Code :
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true, but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

[U.P. R.O./A.R.O. (Re-Exam) (Pre) 2016]


47. What is Current Account Deficit (CAD)?

(a) Excess amount drawn over the total deposit amount in Current Accounts of the Banks
(b) Deficit due to excess of Govt. expenditure over Govt. Revenue in current year
(c) Deficit caused due to excess of total imports over total exports during the year
(d) Loss due to highest cost of production over market price of the commodity
(e) None of these

[Chhattisgarh P.C.S. (Pre) 2017]


48. The category/categories of agricultural commodities exported from India is/are :

(a) Traditional export item
(b) Non-traditional item with uncertainty
(c) Non-traditional item with good prospects
(d) All of the above

[U.P.P.C.S. (Mains) 2017]


49. Consider the following statements :

1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.
2. The Government does not impose any customs duty on all imported edible oils as a special case.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

[I.A.S. (Pre) 2018]


50. Among the following commodities imported by India during the year 2000-01, which one was the highest in terms of Rupee value?

(a) Edible oils
(b) Fertilizers
(c) Organic and inorganic chemicals
(d) Pearls, precious and semi-precious stones

[I.A.S. (Pre) 2003]


51. India spends the maximum foreign exchange on the import of which item?

(a) Petroleum products
(b) Fertilizers
(c) Armaments
(d) Powerhouse machinery

[M.P.P.C.S. (Pre) 1995]


52. Which of the following items is the most significant item of Indian imports in terms of value at present?

(a) Machinery and Transport equipments
(b) Pearls and precious stones
(c) Electronics and computers
(d) Petrol and petroleum products

[U.P.P.C.S. (Mains) 2004]


53. Which one of the following has been the most important item in the total imports of India in recent years ?

(a) Chemicals
(b) Chemical Fertilizers
(c) Petroleum & Edible Oil
(d) Iron & Steel

[U.P. Lower Sub. (Spl.) (Pre) 2004, U.P.P.C.S. (Spl.) (Mains) 2004]


54. The two largest items of import in India in recent years are :

(a) Petroleum products and foodgrains
(b) Capital goods and petroleum products
(c) Petroleum products and Chemical fertilizers
(d) Gems and petroleum product

[U.P.P.C.S. (Pre) 1995]


55. Currently which of the following commodity categories has the maximum share in India’s imports?

(a) Capital Goods
(b) Petroleum products
(c) Precious stones
(d) Food products
(e) Textiles

[Chhattisgarh P.C.S. (Pre) 2013]


56. In the year 2004-05, following groups had important share in India’s imports :

1. Fuel
2. Capital Goods
3. Gold and Silver
4. Chemicals

Arrange the aforesaid items in descending order in terms of their percentage share and choose your answer with the help of the given codes :

Code :
(a) 1, 2, 3, 4
(b) 1, 3, 2, 4
(c) 2, 3, 4, 1
(d) 4, 3, 2, 1

[U.P.P.C.S. (Pre) 2008]


57. Consider the following statements :

1. India’s import of crude and petroleum products during the year 2001-02 accounted for about 27% of India’s total imports.
2. During the year 2001-02, India’s exports had increased by 10% as compared to the previous year.

Which of these statements is/are correct?

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

[I.A.S. (Pre) 2003]


58. Consider the following items imported by India :

1. Capital goods
2. Petroleum
3. Pearls and precious stones
4. Chemicals
5. Iron and Steel
The correct sequence of the decreasing order of these items (as per 94-95 figures), in terms of value is:

(a) 1, 2, 3, 4, 5
(b) 1, 2, 4, 3, 5
(c) 2, 1, 3, 4, 5
(d) 2, 1, 4, 5, 3

[I.A.S. (Pre) 1996]


59. The biggest LNG supplier to India is :

(a) Iran
(b) Kuwait
(c) Qatar
(d) Saudi Arabia

[U.P.P.C.S. (Mains) 2011]


60. The term ‘West Texas Intermediate’, sometimes found in news, refers to a grade of :

(a) Crude oil
(b) Bullion
(c) Rare earth elements
(d) Uranium

[I.A.S. (Pre) 2020]


61. Goods imported at Haldia Port are:

(a) Fish
(b) Heavy Machinery tools
(c) Steel
(d) Petroleum products

[U.P.P.C.S (Pre) 1992]


62. Import procedure begins with :

(a) Indent
(b) Mate’s receipt
(c) Marine insurance
(d) Shipping bill

[U.P.P.C.S (Pre) 2011, U.P.P.C.S. (Mains) 2011]


63. A Letter of Credit has to be produced by :

(a) An exporter
(b) An importer
(c) Custom authorities
(d) Shipping company

[U.P.P.C.S (Pre) 2011]


64. A ‘Letter of Credit’ is produced by :

(a) An exporter
(b) An importer
(c) Both by exporter and importer
(d) Shipping company

[U.P.P.C.S. (Mains) 2009, U.P. Lower Sub. (Pre) 2013]


65. Which of the following items had the largest share in India’s export in the year 2004-05?

(a) Agricultural and allied products
(b) Ores and Minerals
(c) Manufactured Goods
(d) Petroleum Products

[U.P.P.C.S. (Pre) 2006]


66. The table given below depicts the composition of India’s exports between 1992-93 and 1994-95 :

The changing composition of the export trade is indicative of structural transformation of Indian economy in favour of modernization. The best indicator of this trend is the :

Percentage share
Items 1992-93 1993-94 1994-95
Agriculture and allied products 16.9 18.0 15.9
Ores & Minerals 4.0 4.0 3.7
Manufactured goods 75.5 75.6 78.0
Petroleum product 2.6 1.8 1.9

(a) relative share of petrolem products in exports
(b) decline in the share of agricultural products in exports
(c) constant share of ores and minerals in exports
(d) increase in the share of manufactured products in exports

[I.A.S. (Pre) 1996]


67. Which of the following commodities has the highest export from India in 2017?

(a) Agriculture and allied products
(b) Engineering goods
(c) Textiles
(d) Chemicals

[U.P.R.O./A.R.O. (Pre) 2017, U.P.R.O./A.R.O. (Mains) 2017]


68. The most important item of Indian exports, in terms of value during recent years has been:

(a) Chemical and allied products
(b) Gems and jewellery
(c) Mineral fuels and lubricants
(d) Engineering goods

[U.P.P.C.S (Mains) 2006]


69. Which of the following commodities is exported maximum from India?

(a) Agricultural and allied products
(b) Engineering goods
(c) Readymade Garments
(d) Chemical and allied products

[U.P.R.O./A.R.O. (Pre) 2014]


70. The largest contribution to the export earnings of India comes from the export of :

(a) Agricultural products
(b) Gems and jewellery
(c) Machinery
(d) Textiles and readymade garments

[M.P. P.C.S.(Pre) 1995, Uttarakhand P.C.S. (Pre) 2002, U.P. Lower Sub. (Pre) 2007]


71. Which of the following groups constitutes the largest items of export from India?

(a) Engineering Goods and Tea
(b) Tea and Gems & Jewellery
(c) Readymade Garments and sugar
(d) Readymade Garments and Gems & Jewellery

[U.P.P.C.S. (Pre) 1996]


72. Which one of the following constitutes the single largest export item from India?

(a) Gems and Jewellery
(b) Readymade garments
(c) Leather and footwear
(d) Chemicals

[U.P.P.C.S. (Mains) 2012]


73. The largest percentage share in India’s export trade is of :

(a) Readymade garments
(b) Electronic goods
(c) Gems and jewellery
(d) Tea and coffee

[U.P.P.C.S. (Mains) 2003, U.P.P.C.S. (Spl.) (Mains) 2004]


74. As per 2010 statistics, percentage share of gems and jewellery in India’s export is around :

(a) 18
(b) 25
(c) 30
(d) 40

[U.P.P.C.S. (Spl.) (Mains) 2008]


75. In terms of value, which one of the following commodities accounted for the largest agricultural exports by India during the three year period from 1997-98 to 1999-2000?

(a) Cereals
(b) Marine products
(c) Spices
(d) Tea

[I.A.S. (Pre) 2002]


76. India’s share in meat and meat preparation exports in the year 2017 was :

(a) 5%
(b) 6%
(c) 2%
(d) 3%
(e) None of the above/More than one of the above

[65th B.P.S.C. (Pre) 2019]


77. India earns maximum foreign exchange by the export of :

(a) Iron
(b) Tea
(c) Textile
(d) Rubber

[56th to 59th B.P.S.C. (Pre) 2015]


78. The earnings of India from diamond export is quite high. Which one of the following factors has contributed to it?

(a) Pre-independence stock-piling of diamonds in the country which are now exported
(b) Large production of industrial diamonds in the country
(c) Expertise available for cutting and polishing of imported diamonds which are then exported
(d) As in the past, India produces huge quantity of gem diamonds which are exported

[I.A.S. (Pre) 1993]


79. Which of the following set of commodities are exported to India by the arid and semi-arid countries in middle east?

(a) Raw-wool and carpet
(b) Fruits and palm oil
(c) Precious gems and pearls
(d) Perfume and coffee

[I.A.S. (Pre) 1996]


80. For which one of the following items, is Tirupur wellknown as a huge exporter to many parts of the world?

(a) Gems and Jewellery
(b) Leather goods
(c) Knitted garments
(d) Handicrafts

[I.A.S. (Pre) 2005]


81. The largest importer country of Indian textiles is :

(a) Italy
(b) Germany
(c) United Kingdom
(d) United States of America

[U.P. Lower Sub. (Pre) 1998]


82. Which of the following States contributed the maximum to India’s exports in dollar terms in 2007-08 and 2008-09 :

(a) Gujarat
(b) Tamil Nadu
(c) Maharashtra
(d) Punjab

[U.P.P.C.S. (Spl.) (Mains) 2008]


83. Assertion (A) : During the year 2001-02, the value of India’s total exports declined, registering negative growth of 2.17%.
Reason (R): During the year 2001-02, negative growth in exports was witnessed in respect of iron and steel, coffee, textiles and marine products.

(a) Both A and R are individually true and R is the correct explanation of A
(b) Both A and R are individually true, but R is not the correct explanation of A
(c) A is true, but R is false
(d) A is false, but R is true

[I.A.S. (Pre) 2003]


84. Match List-I and List-II, and select the correct answer using the codes given below the lists :
                                 List-I                                             List-II
(Commodities exported from India) (Countries of destination )
A. Iron Ore                                                                1. Russia
B. Leather goods                                                     2. USA
C. Tea                                                                          3. Japan
D. Cotton fabrics                                                     4. UK
5. Canada
Code :

(a) A-5, B-1, C-2, D-3
(b) A-3, B-1, C-4, D-2
(c) A-1, B-5, C-4, D-3
(d) A-3, B-4, C-1, D-2

[I.A.S. (Pre) 1997]


85. The largest quantity of steel was exported by India in 2003-04 to :

(a) USA
(b) Japan
(c) China
(d) Iraq

[U.P.P.C.S. (Mains) 2003]


86. India exports maximum leather to :

(a) U.S.A.
(b) U.S.S.R.
(c) England
(d) W. Germany

[U.P.P.C.S. (Pre) 1994, U.P.P.C.S. (Mains) 2002]


87. At what rate did exports by India increase in 1994-95 ?

(a) 10%
(b) 13%
(c) 15%
(d) 18%

[U.P.P.C.S. (Pre) 1995]


88. In which of the years given below growth rate of Indian exports was highest ?

(a) 2002-03
(b) 2003-04
(c) 2004-05
(d) 2005-06

[U.P.P.C.S. (Pre) 2008]


89. India became the largest exporter (2015) of rice, replacing which of the following countries?

(a) China
(b) Thailand
(c) Indonesia
(d) Vietnam

[U.P. P.C.S (Mains) 2016]


90. The largest tea exporting country of the world is:

(a) India
(b) Indonesia
(c) Kenya
(d) Sri Lanka

[U.P.P.C.S. (Pre) 1998]


91. The production of cultured pearl is an important cottage industry of :

(a) Belgium
(b) West Indies
(c) New Zealand
(d) Japan

[I.A.S. (Pre) 1993]


92. The largest producer and exporter of long staple cotton in the world is :

(a) Egypt
(b) India
(c) USA
(d) China

[U.P. Lower Sub. (Spl.) (Pre) 2002]


93. Which of the following services was the largest foreign exchange earner for India in the year 2007-08 and 2008-09?

(a) Insurance
(b) IT-Software services
(c) Tourism
(d) Financial services

[U.P.P.C.S. (Spl.) (Mains) 2008]


94. Assertion (A): India’s software exports increased at an average growth rate of 50% since 1995-96.
Reason (R): Indian software companies were cost-effective and maintained international quality.

(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true, but R is not the correct explanation of A
(c) A is true, but R is false
(d) A is false, but R is true

[I.A.S. (Pre) 2001]


95. Consider the following statements:

1. In the last five years, Indian software exports have increased at a compound annual growth rate of about 60%.
2. The software and service industry in India registered an overall growth of about 28% in rupee terms during the year 2001-2002.

Which of these statements is/are correct?

(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2

[I.A.S. (Pre) 2003]


96. In terms of economy, the visit by foreign nationals to witness the XIX Commonwealth Games in India amounted to :

(a) Export
(b) Import
(c) Production
(d) Consumption

[I.A.S. (Pre) 2011]


97. Invisible Export means export of :

(a) Services
(b) Prohibited goods
(c) Unrecorded goods
(d) Goods through smuggling

[U.P.P.C.S. (Mains) 2007, U.P.P.C.S. (Pre) 2006]


98. Entrepot trade means :

(a) Export trade
(b) Import trade
(c) Coastal trade
(d) Goods imported for export

[U.P.P.C.S. (Mains) 2002]


99. A tariff :

(a) increases the volume of trade
(b) reduces the volume of trade
(c) has no effect on the volume of trade
(d) both (a) and (c)

[U.P.R.O./A.R.O. (Mains) 2017]


100. Duty-Draw-Back implies :

(a) Excess rate of import duty
(b) Refund of import duty to exporters
(c) Obstacles in the matter of exports
(d) Refund of export duty to exporters

[U.P.P.C.S. (Mains) 2011]


101. What is/are the cause/s of the slow progress of India’s exports?

(a) High price
(b) Foreign competition
(c) Low level of goods
(d) All of the above

[U.P.P.C.S. (Mains) 2017]


102. The New Exim Policy announced in 1992, is for period of :

(a) 3 years
(b) 4 years
(c) 7 years
(d) 5 years

[I.A.S. (Pre) 1995]


103. Which of the following is not a part of the Exim Policy 2002-2007?
1. It aims to achieve a 10% share in global exports by 2007.
2. All those items in which India is self-sufficient are not allowed to import.
3. Electronic Hardware Technology Park-related goods are allowed to sell freely in the domestic market.

(a) 1
(b) 1 and 2
(c) 3
(d) 1 and 3

[U.P.P.C.S. (Mains) 2002]


104. The duration of the New Foreign Trade Policy of the Government of India is :

(a) 2004-2011
(b) 2004-2008
(c) 2004-2009
(d) 2004-2010

[U.P.P.C.S. (Mains) 2006]


105. Consider the following statements about the recent Foreign Trade Policy :

1. The Policy relates to the period 2005-10.
2. Its major objective is to double the India’s share of global merchandise trade by the end-year of the policy.
3. It emphasizes on economic development and not on employment generation.

Which of the above given statements is/are correct ?

(a) only 1 and 3
(b) only 2
(c) only 1 and 2
(d) 1, 2 and 3

[U.P.P.C.S. (Mains) 2005]


106. The objective of the new Foreign Trade Policy is to increase India’s share in the World Trade by 2009 to :

(a) 1.00%
(b) 1.25%
(c) 1.50%
(d) 2.00%

[U.P.P.C.S. (Mains) 2007]


107. India’s Trade Policy (2009-14) seeks to :

1. double the country’s share of global trade by 2020.
2. achieve a growth of 25 percent per annum in exports.
3. double Indian exports of goods and services by 2014.

Choose the correct statements :

(a) 1 and 2
(b) 2 and 3
(c) 1 and 3
(d) 1, 2 and 3

[R.A.S./R.T.S.(Pre) 2013]


108. The registered exporters, whose export performance in several years is of high quality, are known as :

(a) Export Houses
(b) Trading Houses
(c) Star Trading Houses
(d) None of the above

[U.P.P.C.S. (Mains) 2011]


109. Assertion (A) : The new EXIM policy is liberal, market-oriented and favours global trade.
Reason (R): GATT has played a significant role in the liberalization of the economy.

(a) Both A and R are individually true and R is the correct explanation of A
(b) Both A and R are individually true, but R is not the correct explanation of A
(c) A is true, but R is false
(d) A is false, but R is true

[I.A.S. (Pre) 2003]


110. Which one of the following has not been named as ‘Towns of Excellence’ for exports upto March, 2014?

(a) Panipat
(b) Ludhiana
(c) Tirupur
(d) Madurai

[U.P. R.O./A.R.O. (Mains) 2013]


111. A ‘closed economy’ is an economy in which :

(a) the money supply is fully controlled
(b) deficit financing takes place
(c) only exports take place
(d) neither exports nor imports take place

[M.P.P.C.S. (Pre) 2017, I.A.S. (Pre) 2011]


112. The process of Globalization refers to :

(a) creation of global trading blocks
(b) dismantling barriers in international trade
(c) introduction of single currency in the world
(d) None of the above

[U.P.P.C.S. (Mains) 2017]


113. Globalization of Indian Economy means :

(a) stepping up external borrowings.
(b) establishing Indian business abroad.
(c) having minimum possible restrictions on economic relations with other countries.
(d) giving up programmes of import substitutions.

[U.P.P.C.S. (Mains) 2017]


114. Globalization does not include :

(a) reduction in import duties
(b) abolition of import licensing
(c) free flow of FDI
(d) disinvestment of Public Sector Equity
(e) None of the above/More than one of the above

[63rd B.P.S.C. (Pre) 2017]


115. Which one of the following statements about ‘Globalization’ is not correct ?

(a) It has encouraged Indian industrialists to seek foreign investments.
(b) It has motivated top industrialists in India to buy large ventures in foreign countries.
(c) It has tempted foreign companies to buy Indian companies.
(d) It has created a sense of optimism among small entrepreneurs in India.

[U.P. U.D.A./L.D.A. (Mains) 2010]


116. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R).

Assertion (A) : An important policy instrument of economic liberalization is reduction in import duties on capital goods.
Reason (R) : Reduction in import duties would help the local entrepreneurs to improve technology to face the global markets.

In the context of the above two statements, which one of the following is correct?

(a) Both A and R are true and R is the correct explanation
(b) Both A and R are true but R is not a correct explanation
(c) A is true but R is false
(d) A is false but R is true

[I.A.S. (Pre) 1996]


117. The first phase of liberalization was initiated in India under the regime of :

(a) Rajiv Gandhi
(b) P.V. Narsimha Rao
(c) Atal Bihari Vajpayee
(d) H.D. Deve Gowda

[Uttarakhand P.C.S. (Pre) 2016]


118. Encouraging more multinational companies in India is to promote the policy of :

(a) Privatization
(b) Globalization
(c) Liberalization
(d) All of the above

[M.P.P.C.S. (Pre) 2006, U.P.P.C.S. (Mains) 2004]


119. Which of the following has/have occurred in India after its liberalization of economic policies in 1991?

1. Share of agriculture in GDP increased enormously.
2. Share of India’s exports in world trade increased.
3. FDI inflows increased.
4. India’s foreign exchange reserves increased enormously.

Select the correct answer using the codes given below :

(a) 1 and 4 only
(b) 2, 3 and 4 only
(c) 2 and 3 only
(d) 1, 2, 3 and 4

[I.A.S. (Pre) 2017]


120. Free Trade Policy refers to a policy where there is :

(a) Absence of tariff
(b) Restriction on the movement of goods
(c) Existence of anti-dumping policy
(d) Encouragement for balanced growth

[U.P.P.C.S. (Mains) 2005]


121. Free Trade Zones have been established in India for the :

(a) development of backward areas
(b) promotion of small scale industries
(c) promotion of export industries
(d) promotion of information technology

[U.P.P.C.S. (Mains) 2002, 2003, U.P.P.C.S. (Spl.) (Mains) 2004]


122. A free trade zone is one where :

(a) trade is done without restriction
(b) any entrepreneur is free to start industries
(c) infrastructural facilities are provided free to entrepreneurs by the government
(d) industries are free from excise duties and produce for exports

[U.P.P.C.S. (Mains) 2007]


123. In India, Special Economic Zone policy was announced in :

(a) April, 2000
(b) April, 2001
(c) April, 2002
(d) April, 2003

[U.P.P.C.S. (Mains) 2017, U.P.P.C.S. (Mains) 2014, U. P. R. O./A.R.O. (Mains) 2017]


124. The policy for Special Economic Zone (SEZ) was introduced in the country for the first time in :

(a) 1991
(b) 2000
(c) 2005
(d) None of the above

[J.P.S.C. (Pre) 2016]


125. The Special Economic Zone (SEZ) Act became effective in :

(a) 2004
(b) 2005
(c) 2006
(d) 2007

[U.P.P.C.S (Pre) 2010]


126. Special Economic Zone Act was passed by the Parliament, in the year :

(a) 2004
(b) 2005
(c) 2006
(d) None of the above

[U.P.P.C.S. (Pre) 2007, 2009]


127. The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following :

1. Development of infrastructure facilities.
2. Promotion of investment from foreign sources.
3. Promotion of exports of services only.

Which of the above are the objectives of this Act?

(a) 1 and 2 only
(b) 3 only
(c) 2 and 3 only
(d) 1, 2 and 3

[I.A.S. (Pre) 2010]


128. Which one of the following is not the objective of SEZs (Special Economic Zones)?

(a) Creating additional employment opportunities
(b) Use of modern technology
(c) Generation of additional economic activities
(d) Discouraging foreign investment

[U.P. Lower Sub. (Pre) 2009]


129. Which one of the following cities does not have the Special Economic Zone :

(a) Chennai
(b) Kandla
(c) Kochi
(d) Surat

[U.P.P.C.S.(Pre) 2001]


130. The first Export Processing Zone of Asia was set up in 1965 in :

(a) Al-Hilai
(b) Kandla
(c) Noida
(d) Singapore

[U.P.P.C.S. (Mains) 2011]


131. India’s first Export Processing Zone (EPZ) was created in :

(a) Kandla
(b) Mumbai
(c) Noida
(d) Vishakhapatnam

[U.P.P.C.S. (Spl.) (Mains) 2008]


132. Which among the following does not have a ‘Free Trade Zone’ :

(a) Kandla
(b) Mumbai
(c) Vishakhapatnam
(d) Thiruvananthapuram

[U.P.P.C.S. (Pre) 1999]


133. Consider the following statements :

1. India’s first EPZ was set up in 1965.
2. Special Economic Zone (SEZ) policy in India was formulated in 2000.
3. Vadodara is famous for Patola Silk.
4. Panna in Madhya Pradesh is famous for gold mines.
Of these statements :

(a) Only 1, 2 and 3 are correct
(b) Only 2, 3 and 4 are correct
(c) Only 3 and 4 are correct
(d) All are correct

[U.P.P.C.S. (Mains) 2009]


134. The first Export Processing Zone of the Private Sector was established at :

(a) Surat
(b) Noida
(c) Chennai
(d) Mangalore

[U.P.P.C.S. (Mains) 2005]


135. Which group was permitted at Nandigram area under the SEZ policy :

(a) Tata group
(b) Birla group
(c) Salim group
(d) Wipro group

[48th to 52nd B.P.S.C. (Pre) 2008]


136. In relation to the previous year, growth rate in exports from the functioning of Special Economic Zones was highest in which year?

(a) 2004-05
(b) 2005-06
(c) 2006-07
(d) 2007-08

[U.P.P.C.S. (Mains) 2007]


137. Which of the following States has the largest no. of approved as well as operational Special Economic Zones as on June 2012 ?

(a) Uttar Pradesh
(b) Andhra Pradesh
(c) Tamil Nadu
(d) Maharashtra

[U.P.P.C.S. (Mains) 2012]


138. SEZ India mobile app has been launched in January, 2017 by :

(a) Ministry of Labour and Employment
(b) Ministry of Finance
(c) Ministry of Commerce and Industry
(d) Ministry of Corporate Affairs

[U.P.P.C.S. (Pre) 2017]


139. Which among the following organizations are responsible for channelizing export and import of India :

I. Mineral and Metal Trading Corporation
II. Exim Bank
III. State Trading Corporation
IV. Food Corporation of India

Select the correct answer from the code given below:

(a) I, II, III and IV
(b) II and IV
(c) I and III
(d) II, III and IV

[U.P.P.C.S. (Pre) 1999]


140. In which year the Export-Import (EXIM) Bank of India was set up ?

(a) 1980
(b) 1982
(c) 1981
(d) 1989

[Uttarakhand P.C.S. (Pre) 2010, U.P.P.C.S. (Mains) 2005]


141. Which organization promotes the foreign trade?

(a) ECGC
(b) MMTC
(c) STC
(d) All of the above

[U.P.P.C.S (Pre) 2011]


142. ECGC is related to :

(a) Export Promotion
(b) Export Financing and Insurance
(c) Export Quality and Certification
(d) Publication of Export data

[U.P. U.D.A./L.D.A. (Pre) 2001]


143. Which of the following organizations is involved in providing the insurance against various risks to the exporters?

(a) Reserve Bank of India
(b) State Trading Corporation of India
(c) EXIM Bank
(d) Export Credit and Guarantee Corporation

[U.P.P.C.S. (Mains) 2009]


144. Which one of the following institutions is related to export financing and insurance?

(a) ECGC
(b) GAIL
(c) CBDT
(d) IDBI

[U.P.P.C.S. (Mains) 2005]


145. Which of the following agencies of India ensures the risk of export trade?

(a) Exim Bank
(b) Export Credit and Guarantee Corporation
(c) General Insurance Corporation
(d) All of the above

[U.P.P.C.S. (Spl.) (Mains) 2004]


146. What is the full form of EPCG?

(a) Export Promotion of Consumer Goods
(b) Exchange Programme for Consumer Goods
(c) Export Promotion Capital Goods
(d) Expert Programme for Credit Generation
(e) None of the above/More than one of the above

[65th B.P.S.C. (Pre) 2019]


147. India Brand Equity Fund was established in :

(a) 1992
(b) 1995
(c) 1996
(d) 1997

[U.P.P.C.S. (Pre) 1997]


148. Morgan Stanley has rated India as one of the most emerging markets in 1998 and has placed it at :

(a) 1st position
(b) 2nd position
(c) 3rd position
(d) 4th position

[U.P.P.C.S. (Pre) 1998]


149. The tourism industry in India is quite small compared to many other countries in terms of India’s potential and size. Which one of the following statements is correct in this regard?

(a) Distances in India are too far apart and its luxury hotels are too expensive for western tourists
(b) For most of the months India is too hot for western tourists to feel comfortable
(c) Most of the picturesque resorts in India such as in the North-East and Kashmir are, for all practical purposes, out of bounds
(d) In India, the infrastructure required to attract tourists is inadequate

[I.A.S. (Pre) 1999]


150. According to the 2006 Report of World Tourism Organization, maximum tourists visited that year to :

(a) France
(b) Switzerland
(c) Germany
(d) United States of America

[U.P.P.C.S. (Pre) 2006]


151. According to report of U.N. World Tourism Organization (2010) the most visited country in the world is :

(a) U.S.A.
(b) Spain
(c) France
(d) Italy

[U.P.P.C.S. (Mains) 2013]


152. Which of the following countries was the most favourite (in terms of total number of visitors) destination of Indian tourists in the year 2010?

(a) Australia
(b) Singapore
(c) United States of America (U.S.A.)
(d) United Kingdom (U.K.)

[U.P.R.O./A.R.O. (Mains) 2013]


153. In which of the following years, Foreign Tourist Arrivals (FTAs) had registered decline over the previous year in the country?

(a) 2006-07
(b) 2007-08
(c) 2008-09
(d) 2009-10

[U.P.P.C.S. (Mains) 2010]


154. Which among the following is the Top State in India in terms of Foreign Tourist Visits?

(a) Rajasthan
(b) Goa
(c) Maharashtra
(d) Delhi

[Chhattisgarh P.C.S. (Pre) 2011]


155. As per the recent data, which among the following is the top State in terms of number of domestic tourist visits :

(a) Andhra Pradesh
(b) Uttar Pradesh
(c) Goa
(d) Rajasthan

[Chhattisgarh P.C.S. (Pre) 2011]


156. The city which has been selected by a famous International Magazine ‘Travel and Leisure’ in its survey 2009 as the best city from a tourism point of view in the world is :

(a) Udaipur
(b) Hong Kong
(c) Singapore
(d) Dubai

[U.P.P.C.S (Pre) 2010]


157. Nathu La was reopened in 2006 for trans-border trade between India and :

(a) Bangladesh
(b) China
(c) Bhutan
(d) Nepal

[U.P.P.C.S. (Mains) 2006]


158. India in February 2011 signed Free Trade Agreement with :

(a) Australia
(b) Indonesia
(c) Japan
(d) South Korea

[U.P.P.C.S (Pre) 2011]


159. India has recently signed a Comprehensive Economic Co-operation Agreement with:

(a) Indonesia
(b) Malaysia
(c) Saudi Arabia
(d) Vietnam

[U.P.P.C.S (Pre) 2011]


160. Recently, which of the following two countries signed a bilateral Free Trade Agreement (FTA)?

(a) China and Bangladesh
(b) Thailand and Japan
(c) Pakistan and Indonesia
(d) Singapore and Japan

[U.P.P.C.S. (Mains) 2002]


161. Which country among the following used the maximum number of anti-dumping measures during 1995-2005?

(a) USA
(b) China
(c) European Community Countries
(d) India

[U.P.P.C.S. (Mains) 2005]


162. Super ‘301’ is related to :

(a) International Treaty
(b) Atomic explosion
(c) Human rights
(d) Blocade in free trade

[U.P.P.C.S. (Pre) 1993]