This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Industries Infrastructure And Foreign Trade – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Industries Infrastructure And Foreign Trade Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. India got connected to adjoining foreign countries through the network of which route A) Spice route. B) Black route. C) Coal route. D) None of above. Show Answer Correct Answer: A) Spice route. 2. Which industry earns the second highest, net foreign exchange from the trade? A) Gems and ornaments. B) Textile industry. C) Steel industry. D) Engineering goods industry. Show Answer Correct Answer: D) Engineering goods industry. 3. Which is not included in major export from India. A) Furs. B) Copper. C) Horse. D) Silver. Show Answer Correct Answer: C) Horse. 4. Which of the following committees was assigned to recommend reforms in the insurance sector? A) Rekhi Committee. B) Nadkarni Committee. C) Malhotra Committee. D) Chelliah Committee. Show Answer Correct Answer: C) Malhotra Committee. 5. Among the following famous travelers, who belonged to country "MOROCCO" ? A) Ibn Battuta. B) Frenchman Francois. C) Al Beruni. D) Faxian (Fa Hien). Show Answer Correct Answer: A) Ibn Battuta. 6. Which industry in India was worst affected because of the partition? [PCS 1994] A) Paper and Iron. B) Jute and Cotton. C) Cotton and Sugar. D) Engineering and Cement. Show Answer Correct Answer: B) Jute and Cotton. 7. International trade free of government control and trade barriers A) Trade barrier. B) Free trade. C) Tariff. D) Voluntary trade. Show Answer Correct Answer: B) Free trade. 8. The largest importer country of Indian textile is : A) Italy. B) Germany. C) Singapore. D) USA. Show Answer Correct Answer: D) USA. 9. Invisible Export means export [Corporation Bank PO 2011] A) Services. B) Prohibited goods. C) Unrecorded goods. D) Goods through smuggling. E) All the above. Show Answer Correct Answer: A) Services. 10. When does the problem of unfavourable balance of payment arise? A) When exports decrease. B) When exports increase. C) When imports increase. D) When imports are greater than exports. Show Answer Correct Answer: D) When imports are greater than exports. 11. Which of the following best defines a multinational corporation (MNC)? A) A company that exports to many countries. B) A large company that import from many countries. C) A company that operates in more than two different countries. D) A company that produces goods and services for a large market. Show Answer Correct Answer: C) A company that operates in more than two different countries. 12. The difference between visible exports and visible imports is defined as [Corporation Bank PO 2011] A) Balance of trade. B) Balance of payment. C) Balanced terms of trade. D) Gains from trade. E) All the above. Show Answer Correct Answer: A) Balance of trade. 13. 8th Uruguay round A) 1947. B) 1986. C) Enforce international trade. D) Infosys. Show Answer Correct Answer: B) 1986. 14. Foreign Direct Investment or FDI occurs when a company from one country invests in another country as an effort to secure lasting interest in the other country's enterprises to produce and/market a product or service. A) True. B) False. Show Answer Correct Answer: A) True. 15. The biggest Public Sector undertaking in the country is .... [Corporation Bank PO 2011] A) Iron & steel plants. B) Roadways. C) Railways. D) Airways. E) None of these. Show Answer Correct Answer: C) Railways. 16. ..... canal provided a direct trade route for ships operating between Britain and India. A) Panama canal. B) Suez canal. Show Answer Correct Answer: B) Suez canal. 17. Both Foreign Direct Investment (FOI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two? [CSAT 2011] A) FII helps bring better management skills and technology, while FDI only brings in capital. B) FII helps in increasing capital availability in general, while FDI only targets specific sectors. C) FDI flows only into the secondary market, while FII targets primary market. D) FII is considered to be more stable than FDI. Show Answer Correct Answer: B) FII helps in increasing capital availability in general, while FDI only targets specific sectors. 18. India's oldest iron and steel plant is : [Intelligence Bureau 1991] A) TISCO at Jamshedpur. B) TISCO at Burnpur. C) Durgapur Iron and Steel Plant. D) Rourkela Iron and Steel Plant. Show Answer Correct Answer: A) TISCO at Jamshedpur. 19. The main argument advanced in favour of small scale and cottage industries in India is that: A) Cost of production is low. B) They require small capital investment. C) They advance the goal of equitable distribution of wealth. D) They generate a large volume of employment. Show Answer Correct Answer: D) They generate a large volume of employment. 20. Which is not related to our foreign policy A) World co operation. B) World peace. C) Racial equality. D) Colonialism. Show Answer Correct Answer: D) Colonialism. ← PreviousNext →Related QuizzesIndian Economy QuizzesIndustries Infrastructure And Foreign Trade Quiz 1Industries Infrastructure And Foreign Trade Quiz 2Industries Infrastructure And Foreign Trade Quiz 3Industries Infrastructure And Foreign Trade Quiz 4Industries 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