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State PSC Indian Economy — practice questions — page 10

Explore 416 free Indian Economy questions in State PSC Geography. Open each question or exercise to read its content, reference answers and available explanation.

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Indian Economy questions and exercises with answers

Showing questions 271–300 of 416.

The Silk Route was an early long distance trade route of about 6,000 km connecting which two places?Read the answer and worked solution →Which country abolished the slave trade first, in 1792?Read the answer and worked solution →Countries first imposed trade taxes and quantitative restrictions during which period?Read the answer and worked solution →International trade rests on which economic principle?Read the answer and worked solution →Which are the three important aspects of international trade?Read the answer and worked solution →A country's imports are worth more than its exports. What kind of balance of trade does it have?Read the answer and worked solution →Two countries agree to trade specified goods only with each other. What kind of trade is this?Read the answer and worked solution →A country grants a trading partner special terms under multilateral trade. What is this status called?Read the answer and worked solution →Opening up an economy by lowering tariffs and barriers is called:Read the answer and worked solution →A firm sells the same shrimp cheaper abroad than at home for reasons unrelated to cost. What is this called?Read the answer and worked solution →In which year was the General Agreement on Tariffs and Trade formed?Read the answer and worked solution →GATT was transformed into which permanent body from 1 January 1995?Read the answer and worked solution →Where are the headquarters of the World Trade Organisation?Read the answer and worked solution →Was India a founder member of the WTO?Read the answer and worked solution →About 120 regional trade blocs generate what share of world trade?Read the answer and worked solution →A port handling bulk cargo like grain, ore and oil is classed as which type?Read the answer and worked solution →Athens has a deep water port built away from it to receive very large ships. What is such a port called?Read the answer and worked solution →Singapore collects goods from many countries for re-export. What kind of port is it?Read the answer and worked solution →Dover in England and Calais in France face each other and carry passengers and mail. They are:Read the answer and worked solution →Catch the old moneyRead the answer and worked solution →Pop the port typesRead the answer and worked solution →Run the trade yearsRead the answer and worked solution →Slice the trade termsRead the answer and worked solution →Which port typeRead the answer and worked solution →Sort the portsRead the answer and worked solution →Type the numberRead the answer and worked solution →Trade bingoRead the answer and worked solution →On 1 January 2015 the Planning Commission was replaced by which body?Read the answer and worked solution →Planning that draws schemes for agriculture, power or transport as separate sectors is called:Read the answer and worked solution →Planning that reduces imbalance in development between areas is termed:Read the answer and worked solution →

Worked practice questions

The Silk Route was an early long distance trade route of about 6,000 km connecting which two places?

  1. Spain and Morocco
  2. Rome and China
  3. Egypt and India
  4. Greece and Persia
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Correct answer: B. Rome and China

1. The Silk Route linked Rome to China. 2. It was about 6,000 km long. 3. Silk, wool and precious metals moved on it. _Source: syllabus Geography, Fundamentals of Human Geography, Chapter 9, International Trade._

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Which country abolished the slave trade first, in 1792?

  1. Holland
  2. Portugal
  3. Denmark
  4. Britain
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Correct answer: C. Denmark

1. Slave trade lasted over two hundred years. 2. Denmark abolished it in 1792. 3. Britain followed in 1807 and the USA in 1808. _Source: syllabus Geography, Fundamentals of Human Geography, Chapter 9, International Trade._

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Countries first imposed trade taxes and quantitative restrictions during which period?

  1. The Roman Empire days
  2. The Silk Route era
  3. The Industrial Revolution
  4. The two World Wars
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Correct answer: D. The two World Wars

1. World Wars I and II brought trade taxes. 2. Quotas appeared for the first time. 3. GATT later helped free trade. _Source: syllabus Geography, Fundamentals of Human Geography, Chapter 9, International Trade._

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