Top 80+ Solved Industries, Infrastructure and Foreign Trade MCQ Questions Answer
Q. 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
Q. Which of the following was formed to suggest means for eradicating black money? [I. Tax 1992]
a. Finance Commission
b. Sarkaria Commission
c. Shah Commission
d. Chelliah Committee
Q. 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
Q. Mashelkar Committee was constituted to report on :
a. economic policy
b. constitutional changes
c. black money
d. auto fuel policy
Q. Which of the statements given above is/are correct? [CDS 2008] 1. The USSR assisted in the building of the Bhilai Steel plant. 2. The British assisted in the building of the Bokaro Steel plant.
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q. New exim policy has choosen a town for the pottery export :
a. Panipat
b. Moradabad
c. Khurja
d. Agra
Q. A country is said to be in a debt trap if: [IAS 2002]
a. it has to abide by the conditionalities imposed by the International Monetary Fund
b. it has to borrow to make interest payments on outstanding loans
c. it has been refused loans or aid by creditors abroad
d. the World Bank charges a very high rate of interest on outstanding as well as new loans
Q. 'Dumping' in the context of international trade refers to : [CDS 2000]
a. exporting goods at prices below the actual cost of production
b. exporting goods without paying the appropriate taxes in the receiving country
c. exporting goods of inferior quality
d. exporting goods only to re-import them at cheaper rates
Q. 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