Foreign Trade of India
Economics ⇒ Indian Economy
Foreign Trade of India starts at 11 and continues till grade 12.
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See sample questions for grade 12
Define foreign trade. Explain its importance for the Indian economy.
Describe the composition of India’s imports.
Describe the impact of liberalization on India’s foreign trade.
Explain the concept of ‘terms of trade’.
Explain the difference between balance of trade and balance of payments.
Explain the difference between visible and invisible items in India’s foreign trade.
Explain the impact of trade barriers on India’s foreign trade.
Explain the role of Special Economic Zones (SEZs) in promoting India’s foreign trade.
Explain the term ‘export promotion’.
Explain the term ‘trade deficit’.
Name any two major trading partners of India.
State any one reason why India’s foreign trade was restricted before 1991.
State any two challenges faced by India’s foreign trade sector.
State any two measures taken by the Indian government to promote exports.
What is meant by ‘invisible items’ in foreign trade? Give one example.
What is meant by import substitution?
What is the main objective of India’s foreign trade policy?
What is the role of the Export-Import Bank of India (EXIM Bank)?
What is the significance of foreign exchange reserves for India’s foreign trade?
