Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 10: Foreign Trade of India with solutions 2020

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board 

 

Chapter 10: Foreign Trade of India with solutions 2020


Q.1. Choose the correct option

 

Q.2.Identify and explain the concept from the given illustration

1. India purchased petroleum from Iran

2. Maharashtra purchased wheat from Punjab

 

Q.3. Distinguish between the following:

1. Internal trade and International trade

2. Balance of payments and Balance of trade

 

Q.4. Answer the following:

1. Explain the concept of foreign trade and its types

2. Explain any four features of composition of India's foreign trade

3. Explain the trend in India's imports

 

Q.5. State with reason whether you agree or disagree with the following statement:

 

1. During British rule, indigenous handicrafts suffered a severe blow

 

2. Trade is an engine of growth for an economy


3. Foreign trade leads to division of labour and specialization at world level

 

Q.6. Observe the following table and answer the questions given below the table:

 

Countries Organisations 

1990-91

              

2015-16


Serial number

Percentage

Percentage

OECD

54.0

28.8

OPEC

16.3

23.6

EASTERN EUROPE

7.8

1.9

DEVELOPING NATIONS

18.6

43.2

OTHERS

1.4

2.5

 

QUESTIONS: - SOLUTION CLICK BELOW

Which organisation has the least share in the direction of India’s imports in 2015-16?

Which organization has maximum share in India’s direction 

Expand the abbreviations of OECD and OPEC?

State your opinion regarding the direction of India’s imports.

How much is the percentage of increase in the imports of developing nations in 2015-16 as compared to 1990-91. 

 

Q.7. Answer in detail:

1. Explain the meaning and role of foreign trade

2. Explain the recent trends in India’s exports


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