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    This document contains a self-test on the foreign trade of India from chapter 10 of an economics textbook. The self-test has 4 questions. Question 1 has multiple choice questions about types of foreign trade, the role of foreign trade, and India's source of petroleum imports. Question 2 asks to identify economic concepts and distinguish between trends in imports/exports and balance of payments/trade. Question 3 asks to agree or disagree with statements about foreign trade during British rule and its role as an engine of growth. Question 4 involves analyzing a table on the direction of India's imports from 1990-91 to 2015-16 and expanding abbreviations and commenting on trends.

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    This document contains a self-test on the foreign trade of India from chapter 10 of an economics textbook. The self-test has 4 questions. Question 1 has multiple choice questions about types of foreign trade, the role of foreign trade, and India's source of petroleum imports. Question 2 asks to identify economic concepts and distinguish between trends in imports/exports and balance of payments/trade. Question 3 asks to agree or disagree with statements about foreign trade during British rule and its role as an engine of growth. Question 4 involves analyzing a table on the direction of India's imports from 1990-91 to 2015-16 and expanding abbreviations and commenting on trends.

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    16 views2 pages

    E0303 CH10 Que

    Uploaded by

    Tanya Singh
    This document contains a self-test on the foreign trade of India from chapter 10 of an economics textbook. The self-test has 4 questions. Question 1 has multiple choice questions about types of foreign trade, the role of foreign trade, and India's source of petroleum imports. Question 2 asks to identify economic concepts and distinguish between trends in imports/exports and balance of payments/trade. Question 3 asks to agree or disagree with statements about foreign trade during British rule and its role as an engine of growth. Question 4 involves analyzing a table on the direction of India's imports from 1990-91 to 2015-16 and expanding abbreviations and commenting on trends.

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    © All Rights Reserved
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    of 2

    SELF-TEST – 11

    Chapter 10 : Foreign Trade of India

    Time : 1 Hour] [Marks : 20

    Q. 1. (A) Choose the correct option : 3


    (1)  Types of foreign trade : 
    (a) Import trade
    (b) Export trade
    (c) Extrepot trade
    (d) Internal trade
    Options : (1) a and b (2) a, b and c (3) a, b, c and d (4) None of these
    (2)  Role of foreign trade is
    (a) to earn foreign exchange
    (b) to encourage investment
    (c) lead to division of labour
    (d) bring change in composition of exports
    Options : (1) a and b  (2) a, b and c  (3) b and c  (4) None of these
    (3)  India’s source of import of petroleum : 
    (a) Kuwait
    (b) Saudi Arabia
    (c) China
    (d) Singapore
    Options : (1) a and b  (2) c and d  (3) a and c  (4) b and d
    (B) Give an economic term : 3
    (1) Purchase of goods and services by one country from another country.
    (2) Sale of goods and services by one country to another country.
    (3) The difference between the value of country’s exports and imports for a
    given period.
    Q. 2. (A) Identify and explain the concepts from the given illustrations :
     (Any two) 4
    (1) Maharashtra purchased wheat from Punjab.
    (2) Japan sells smart phones to Myanmar.
    (3) Maharashtra sold cotton to the state of Madhya Pradesh.

    Self-Test 11, Chapter 10 – Economics : Std XII 1


    (B) Distinguish between : (Any one) 2
    (1) Trends in Imports of Foreign Trade and Trends in Exports of Foreign
    Trade.
    (2) Balance of Payments and Balance of Trade.
    Q 3. State with reasons whether you agree or disagree with the following
    sentences : (Any one) 4
    (1) During British rule, indigenous handicrafts suffered a severe blow.
    (2) Trade is an engine of growth for an economy.

    Q. 4. Study the following table and answer the questions given below : 4
    Direction of India’s Import : 
    Years
    Sr. No. Countries / Organisations 1990-91 2015-16
    Percentage Percentage
    1. OECD 54.0 28.8
    2. OPEC 16.3 23.6
    3. Eastern Europe  7.8  1.9
    4. Developing Nations 18.6 43.2
    5. Others  1.4  2.5
    Questions : 
    (1) Expand the abbreviations of OECD and OPEC.
    (2) State your opinion regarding the direction of India’s import.

    Verify your answers with the model answers given on this link.
    http://bit.ly/3kMQe37

    2 Self-Test 11, Chapter 10 – Economics : Std XII

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