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Q.25)-FERA in India has been replaced by-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