This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Industries Infrastructure And Foreign Trade – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Industries Infrastructure And Foreign Trade Quiz 1 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is not sponsor of newly established UTI-II? A) Punjab National Bank. B) General Insurance Corporation. C) Life Insurance Corporation of India. D) State Bank of India. Show Answer Correct Answer: B) General Insurance Corporation. 2. India signed the Dunker proposal in A) 1984. B) 1976. C) 1950. D) 1994. Show Answer Correct Answer: D) 1994. 3. Pegging down of national currency is known as A) Over valuation. B) Under valuation. C) Revaluation. D) All of the above. Show Answer Correct Answer: B) Under valuation. 4. The demand for domestic currency in the foreign exchange market is indicated by the following transactions in balance of payment A) Export of goods and services. B) Import of goods and services. C) Export of goods and services and capital inflows. D) Import of goods and services and capital outflows. Show Answer Correct Answer: C) Export of goods and services and capital inflows. 5. Which of the following states ranks first in terms of the maximum number of agro- based industries? [Bank PO 1993] A) Gujarat. B) Punjab. C) West Bengal. D) Kerala. Show Answer Correct Answer: B) Punjab. 6. India's share in world export is: A) Less than 1%. B) 1%. C) 1.7%. D) Greater than 2%. Show Answer Correct Answer: C) 1.7%. 7. Which organisation promotes the foreign trade? [UP PCS 2011] A) ECGC. B) MMTC. C) STC. D) All of these. Show Answer Correct Answer: D) All of these. 8. Suez canal was opened in the year ..... A) 1859. B) 1869. C) 1879. D) 1868. Show Answer Correct Answer: B) 1869. 9. Which are the major trade center in ancient indiia A) Patliputra. B) Mathura. C) Surat. D) All if the above. Show Answer Correct Answer: D) All if the above. 10. Who first came to India for trading purpose? A) Roman Empire. B) Portuguese. C) Dutch. D) Danish. Show Answer Correct Answer: B) Portuguese. 11. Colonial advent in India A) Portuguese, Dutch, English, Danish, French. B) Dutch, English, Danish, French. C) Portuguese, Danish, Dutch, French, English. D) Danish, Portuguese, French, English, Dutch. Show Answer Correct Answer: A) Portuguese, Dutch, English, Danish, French. 12. 'Dumping' in the context of international trade refers to : [CDS 2000] A) Exporting goods at prices below the actual cost of production. B) Exporting goods without paying the appropriate taxes in the receiving country. C) Exporting goods of inferior quality. D) Exporting goods only to re-import them at cheaper rates. Show Answer Correct Answer: A) Exporting goods at prices below the actual cost of production. 13. How many countries where membership in WTO at present? A) 159. B) 164. C) 148. D) 128. Show Answer Correct Answer: B) 164. 14. Which of the following instrument of trade protection directly raises the price of the commodity in the domestic economy? A) Import tariff. B) Export subsidy. C) Import substitution. D) Import liberalisation. Show Answer Correct Answer: A) Import tariff. 15. The performance of which of the following industries is considered performance of the core industry? [RBI Grade B Officer 2011] A) Garments. B) Leather. C) IT. D) Oil and Petroleum. E) Handicrafts. Show Answer Correct Answer: D) Oil and Petroleum. 16. Indian government was introduced ..... in 1991 A) Globalisation. B) World Trade Organisation. C) New Economic Policy. D) None. Show Answer Correct Answer: C) New Economic Policy. 17. More than half on India's foreign trade was restricted to: A) China. B) Korea. C) Britain. D) Sri lanka. Show Answer Correct Answer: C) Britain. 18. Bokaro Steel Limited was established with the assistance of: [Asstt Comm 2008] A) Germany. B) Soviet Union. C) UK. D) USA. Show Answer Correct Answer: B) Soviet Union. 19. Which of the following industry will be classified under sunrise industry prior to 1991? A) Food processing industry. B) Electronic industry. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: B) Electronic industry. 20. Liberalisation in India in the year A) 1990. B) 1991. C) 1992. D) 1993. Show Answer Correct Answer: B) 1991. Next →Related QuizzesIndian Economy QuizzesIndustries Infrastructure And Foreign Trade Quiz 2Industries Infrastructure And Foreign Trade Quiz 3Industries Infrastructure And Foreign Trade Quiz 4Industries Infrastructure And Foreign Trade Quiz 5Industries Infrastructure And Foreign Trade Quiz 6Industries Infrastructure And Foreign Trade Quiz 7Globalisation And The Indian Economy QuizIndia S Foreign Policy QuizInternational Organisations And Human Development Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books