Test: International Trade - 1 - UPSC MCQ

Tea is the principle commodity.

India's balance of trade is negative because of our increasing demand and growing economy.

There are 43 countries but India's trade with this region is not very significant.

Indira Gandhi International Airport is located in Delhi. Safdarjung Airport was built in 1930 and was the main airport for Delhi until 1962. Due to increasing passenger traffic at Safdarjung, civilian operations were moved to Palam Airport and later renamed to Indira Gandhi International Airport.

Marmagao Port is an important port of Goa and occupies fifth position in handling the traffic. It is situated at the entrance of the Zuari estuary and is a natural harbour in Goa. Hinterland of this port covers whole of Goa and north Karnataka coastal region and southern Maharashtra.

It is a natural harbour.

Most of India's foreign trade is carried through sea and air routes. However, a small portion is also carried through land routes to neighboring countries like Nepal, Bhutan, Bangladesh and Pakistan.

The Airports Authority of India (AAI) was formed on 1st April 1995 by merging the International Airports Authority of India and the National Airports Authority with a view to accelerate the integrated development, expansion and modernization of the operational, terminal and cargo facilities at the airports in the country conforming to international standards.

Major items are tea, tobacco, ready made garments, etc.

It had declined from 2.1% (1950).