Consider the following statements: 1. The value of Indo-Sri Lanka trade has consistently increased in the last decade. 2. “Textile and textile articles” constitute an important item of the trade between India and Bangladesh. 3. In the last five years, Nepal has been the largest trading partner of India in South Asia. Which of the statements given above is/are correct?

With reference to the international trade of India at present, which of the following statements is/are correct? 1. India's merchandise exports are less than its merchandise imports. 2. India's imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years. 3. India's exports of services are more than its imports of services. 4. India suffers from an overall trade/current account deficit. Select the correct answer using the code given below:

Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years?

Which of the following best describes the term ‘import cover’, sometimes seen in the news?

Despite having large reserves of coal, why does India import millions of tons of coal? 1. It is the policy of India to save its own coal reserves for future and import it from other countries for the present use. 2. Most of the power plants in India are coal-based and they are not able to get sufficient supplies of coal from within the country. 3. Steel companies need large quantity of coking coal which has to be imported. Which of the statements given above is/are correct?

In terms of economy, the visit by foreign nationals to witness the XIX Common Wealth Games in India amounted to

A “closed economy” is an economy in which

Assertion (A): ‘Balance of Payments’ represents a better picture of a country’s economic transactions with the rest of the world than the ‘Balance of Trade’. Reason (R): ‘Balance of Payments’ takes into account the exchange of both visible and invisible items whereas ‘Balance of Trade’ does not.

Consider the following statements: 1. In India, during the financial year 2004-2005 an increase of below 10% over the value of exports (in rupee terms) in the financial year 2003-2004 was reported. 2. According to the WTO, India’s share in the world merchandise exports crossed 2% in the year 2005. Which of the statements given above is/are correct?

A: For the first time, India had no trade deficit in the year 2002-03. R: For the first time, India’s exports crossed worth $50 billion in the year 2002-03.

Which one of the following was the largest IT software and services exporter in India during the year 2002-03?

Among the following commodities imported by India during the year 2000-01, which one was the highest in terms of Rupee value?

Consider the following statements: 1. In the last 5 years, Indian software exports have increased at a compound annual growth rate of about 60%. 2. The software and service industry in India registered an overall growth of about 28% in rupee terms during the year 2001-2002. Which of these statements is/are correct?

Consider the following statements: 1. India’s import of crude and petroleum products during the year 2001-02 accounted for about 27% of India’s total imports. 2. During the year 2001-02, India’s exports had increased by 10% as compared to the previous year. Which of these statements is/are correct?

A: The new EXIM policy is liberal, market-oriented and favors global trade. R: GATT has played a significant role in the liberalization of the economy.

In terms of value, which one of the following commodities accounted for the largest agricultural exports by India during the three years period from 1997-1998 to 1999-2000?

India has the maximum volume of foreign trade with

A: The rate of growth of India’s exports has shown an appreciable increase after 1991. R: The Government of India has resorted to devaluation.

Which one of the following regions of the world supplies the maximum of our imported commodities (in terms of rupee value)?

Consider the following items imported by India: 1. Capital goods 2. Petroleum 3. Pearls and precious stones 4. Chemicals 5. Iron and Steel. The correct sequence of the decreasing order of these items (as per 94-95 figures), in terms of value is:

The New Exim Policy announced in 1992, is for period of:

Assertion (A): The USA reemerged as India’s single largest import source in the early nineties. Reason (R): With swift political developments in the erstwhile Soviet Union, India gradually began to rely on the USA for its defense requirements. In the context of the above two statements, which one of the following is correct?

The earnings of India from diamond export is quite high. Which one of the following factors has contributed to it?

'Terms of trade’ between agriculture and industry has reference to

Invisible trade is a trade

The structural changes in exports means