Q.21)-The biggest item of India's imports is-
- Iron ore
- Mica
- Petroleum products
- Gems and Jewellery
Q.22)-The difference between visible exports and visible imports is defind as-
- Balance of Trade
- Balance of Payments
- Balanced Terms of Trade
- Gains from Trade
Q.23)-A country's balance of trade is unfavourable when-
- Exports exceed imports
- Imports exceed Exports
- Terms of trade become unfavourable
- None of the above
Q.24)-The oretically trade between two countries takes place on account of-
- Difference in Costs
- Scarcity of Goods
- Comparative Differences in Costs
- Need of Exports
Q.25)-FERA in India has been replaced by-
- FEPA
- FEMA
- FENA
- FETA
Q.26)-One of the main factors that led to rapid expansion of Indian exports is-
- Imposition of import duties
- Liberalisation of the economy
- Recession in other countries
- Diversification of exports
Q.27)-Interest on Public debt is part of-
- Transfer payments by the enterprises
- Transfer payments by the government
- National income
- Interest payments by households
Q.28)-What is the revised upper limit for foreign direct investment in telecom service companies?
- 49 per cent
- 51 per cent
- 66 per cent
- 74 per cent
Q.29)-Canalised list of items in foreign trade on india refers to-
- The items to be imported by the private agencies
- List of items to be subsidised
- List of items to be granted duty concession
- Items to be imported only by the State owned undertaking
Q.30)-Which of the following does not form a part of the foreign exchange reserves of India?
- Gold
- SDRs
- Foreign currency assets
- Foreign currency and securities held by the banks and corporate bodies