Trade Balance Trends — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Consider the following statements about India's trade balance trends: 1. India has consistently maintained a trade surplus in services since 2000 2. The merchandise trade deficit has grown significantly post-2014 despite Make in India initiatives 3. Gold imports constitute the largest component of India's import bill 4. India maintains a trade surplus with the United States Which of the statements given above are correct?
Which of the following factors has contributed most significantly to the improvement in India's trade balance during 2023-24?
The 'China+1' strategy adopted by global companies is likely to impact India's trade balance through:
Consider the following pairs: 1. Trade Balance - Difference between merchandise exports and imports 2. Current Account Balance - Includes trade balance plus services and transfers 3. Terms of Trade - Ratio of import prices to export prices 4. Trade Intensity - Ratio of total trade to GDP How many pairs given above are correctly matched?
India's Production Linked Incentive (PLI) schemes are expected to impact trade balance primarily through: