Q254. 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:

Consider the following statements : 1. The value of Indo-Sri Lanka trade has consistently increased in the last decade. 2. “Textile and textile articles” consti

Which of the following has/have occurred in India after its liberalisation of economic policies in 1991? 1. The share of agriculture in GDP increased enormously

With reference to Balance of Payments, which of the following constitutes/ constitute the Current Account? 1. Balance of trade 2. Foreign assets 3. Balance of i

Consider the following statements : 1. India has ratified the Trade Facilitation Agreement (TFA) of WTO. 2. TFA is a part of WTO’s Bali Ministerial Package of 2

With reference to the Indian Public Finance, consider the following statements: 1. External liabilities reported in the Union Budget are based on historical exc

Consider the following actions which the government can take: 1. Devaluing the domestic currency. 2. Reduction in the export subsidy. 3. Adopting suitable polic

Consider the following statement: India continues to be dependent on imports to meet the requirement of oilseeds in the country because: 1. Farmers prefer to gr

With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct? 1. Quantitative restrictions on imports by foreig

With reference to the Indian economy, consider the following activities: 1. Agriculture, Forestry and Fishing 2. Manufacturing 3. Trade, Hotels, Transport and C

With reference to the Indian economy, consider the following statements: 1. An increase in Nominal Effective Exchange Rate (NEER) indicates the appreciation of

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

With reference to the Indian economy, consider the following statements: 1. If the inflation is too high, the Reserve Bank of India (RBI) is likely to buy gover

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 f

With reference to the cultivation of Kharif crops in which in the last five years, consider the following statements : 1. Area under rice cultivation is the hig

With reference to India, consider the following statements: 1. Monazite is a source of rare earths. 2. Monazite contains thorium. 3. Monazite occurs naturally i

Consider the following Assertion (A): For the first time, India had no trade deficit in the year 2002-03. Reason (R): For the first time, India’s exports crosse

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

With reference to the Indian economy after the 1991 economic liberalisation, consider the following statements: 1. Worker productivity (rupees per worker at 200

With reference to Indian satellites and their launchers, consider the following statements: 1. All the INSAT series of satellites were launched abroad. 2. PSLVs

Consider the following statements: The Indian rupee is fully convertible: 1. in respect of Current Account of Balance of payment 2. in respect of Capital Accoun

Consider the following statements: The effect of the devaluation of a currency is that it necessarily: 1. Improves the competitiveness of domestic exports in th

“Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following?

Consider the following statements: 1. Tight monetary policy of the US Federal Reserve could lead to capital flight. 2. Capital flight may increase the

Consider the following: 1. Foreign currency convertible bonds 2. Foreign institutional investment with certain conditions 3. Global depository receipt

With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements: 1. AIIB has more than 80 member nations. 2. India is

In the context of India, which of the following factors is/are contributor/contributors to reducing the risk of a currency crisis? 1. The foreign curr

Consider the following statements: 1. Most of India’s external debt is owed by governmental entities. 2. All of India’s external debt is denominated i

Consider the following statements: 1. Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods

India enacted the Geographical Indications of Goods (Registration and Protection) Act, 1999 in order to comply with the obligations to: