MCQs – Trade & Industry
Indian Trade and Industry – MCQs
UPSC | PSC – Prelims Practice
1. When does a trade deficit occur?
A) Exports exceed imports
B) Imports exceed exports
C) Both are equal
D) No exports
Answer
Correct Answer: B
2. Which of the following is a major export of India?
A) Crude oil
B) Gold
C) IT services
D) Gas
Answer
Correct Answer: C
3. The main objective of “Make in India” is:
A) Increase imports
B) Promote manufacturing
C) Reduce exports
D) Improve agriculture
Answer
Correct Answer: B
4. What is the primary aim of the PLI Scheme?
A) Increase taxes
B) Promote production
C) Boost imports
D) Improve banking
Answer
Correct Answer: B
5. MSME sector mainly contributes to:
A) Imports
B) Employment generation
C) Defense
D) Education
Answer
Correct Answer: B
6. Which is a major import of India?
A) Pharmaceuticals
B) IT services
C) Crude oil
D) Textiles
Answer
Correct Answer: C
7. “Atmanirbhar Bharat” focuses on:
A) Increasing foreign dependence
B) Self-reliance
C) Reducing exports
D) Increasing imports
Answer
Correct Answer: B
8. Which sector contributes the most to India’s GDP?
A) Agriculture
B) Manufacturing
C) Services
D) Mining
Answer
Correct Answer: C
9. Which of the following is essential for industrial growth?
A) Capital
B) Technology
C) Infrastructure
D) All of the above
Answer
Correct Answer: D
10. The best way to reduce trade deficit is:
A) Increase imports
B) Increase exports
C) Reduce production
D) Increase spending
Answer
Correct Answer: B
Focus on policies + concepts + real examples for Prelims.
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