This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Industries Infrastructure And Foreign Trade – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Industries Infrastructure And Foreign Trade Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the current account of balance of payments? A) It is the account showing difference of total exports and imports in one year. B) It is the account showing transactions in invisible account like tourism, shipping, insurance etc. C) It is the account showing transactions like net external assistance, NRI deposits, etc. D) It is the account showing trade balance plus invisible balance. Show Answer Correct Answer: D) It is the account showing trade balance plus invisible balance. 2. UTI has been divided into two parts UTI-I and UTI-II. Which part has been kept under the control of the government? A) UTI-I. B) UTI-II. C) Both the above. D) None of the above. Show Answer Correct Answer: A) UTI-I. 3. BoP (Balance of Payment) refers to : A) Transactions in the flow of capital. B) Transactions relating to receipts and payment of invisibles. C) Transactions relating only to exports and imports. D) Systematic record of all its economic transaction with the rest of the world. Show Answer Correct Answer: D) Systematic record of all its economic transaction with the rest of the world. 4. In which year make in India launched A) 2004. B) 2012. C) 2014. D) 2016. Show Answer Correct Answer: C) 2014. 5. Decreased government spending would result in A) A lower discount rate. B) Higher prices. C) Lower taxes. D) Higher reserve amount. Show Answer Correct Answer: C) Lower taxes. 6. Muziris is an ancient harbour and urban centre on the ..... Coast. A) Calicut. B) Malabar. C) None of the above. D) None of above. Show Answer Correct Answer: B) Malabar. 7. Which one of the following statements is not correct? [IAS 2005] A) Rourkela Steel Plant, the first integrated steel plant in the Public Sector of India was set up with the Soviet Union collaboration. B) Salem Steel Plant is a premier producer of stainless steel in India. C) Maharashtra Elektrosmelt Ltd. is a subsidiary of the Steel Authority of India Ltd. D) Visakhapatnam Steel Plant is a unit of the Rashtriya Ispat Nigam Ltd. Show Answer Correct Answer: A) Rourkela Steel Plant, the first integrated steel plant in the Public Sector of India was set up with the Soviet Union collaboration. 8. It was the capital of the Pandayas who controlled the pearl fisheries of the Gulf of Mannar. It attracted foreign merchants, particularly Romans, for carrying out overseas trade. A) Mathura. B) Tamralipti. C) Surat. D) Madura. Show Answer Correct Answer: D) Madura. 9. Present Industrial policy in India aims at : A) Promoting the private sector units. B) Increasing the production of public sector units. C) Accelerating the performance of mixed economy. D) Discourage the performance of the private sector. Show Answer Correct Answer: C) Accelerating the performance of mixed economy. 10. Inward looking trade strategy relies on: A) Export promotion. B) Import substitution. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: B) Import substitution. 11. What was the condition of foreign trade under British rule? A) Net exporter of raw materials. B) Net importer of finished goods reproduced by British India. C) Surplus on account of foreign trade was spent on war expenses. D) All of these. Show Answer Correct Answer: D) All of these. 12. Core industries include: A) Basic industries. B) Industries catering to defence requirements. C) Critical industries. D) All the above. Show Answer Correct Answer: D) All the above. 13. During british rule, more than 50% of India's foreign trade was confined to USA A) FALSE. B) TRUE. Show Answer Correct Answer: A) FALSE. 14. One of the main factors that led to rapid expansion of Indian exports is : A) Liberalisation of the economy. B) Diversification of exports. C) Imposition of import duties. D) Recession in other countries. Show Answer Correct Answer: A) Liberalisation of the economy. 15. Which of the following countries is the largest trading partner of India? A) US. B) Uk. C) UAE. D) China. Show Answer Correct Answer: C) UAE. 16. Which of the following methods would NOT attract FDI into a country? A) Tax breaks and subsidies. B) Grants and low interest loans. C) Relaxed regulations and reduced restrictions. D) Political instability and uncertainty. Show Answer Correct Answer: D) Political instability and uncertainty. 17. The exports of India: A) Are confined to a few items. B) Are spread over several commodity groups. C) Have not shown much of a change since 1960-61. D) Comprise mainly of agro-based products. Show Answer Correct Answer: B) Are spread over several commodity groups. 18. India's largest FDI as of 2020 is from A) China. B) Singapore. C) UK. D) Mauritius. Show Answer Correct Answer: B) Singapore. 19. Which coast are used for trade of black pepper A) Malabar. B) Goa. C) Mumbai. D) None of these. Show Answer Correct Answer: A) Malabar. 20. Who granted the English "golden fireman" in 1632 A) Jahangir. B) Sultan of Golconda. C) Akbar. D) Aurangzeb. Show Answer Correct Answer: B) Sultan of Golconda. ← 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 5Industries 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