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Flashcards: International Trade 50 Flashcards 
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Card: 1 / 50 
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International trade is essential for countries because ___ cannot achieve self-sufficiency. |
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No country  |
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True or False: India's contribution to global trade is approximately 10%. |
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False; India's contribution is about 1%.  |
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Card: 5 / 50
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What are the key factors that have contributed to the growth of India's international trade? |
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Key factors include growth in manufacturing sectors, liberal government policies, and diversification of markets.  |
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Fill in the blank: In 1950-51, India's external trade was valued at Rs. ___ crore. |
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Card: 8 / 50
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1,214  |
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Card: 9 / 50
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True or False: The total volume of imports in India consistently exceeds the volume of exports. |
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Card: 10 / 50
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True  |
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Card: 11 / 50
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What was the value of India's external trade by the year 2020-21? |
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Card: 12 / 50
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Rs. 77,19,796 crore  |
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Fill in the blank: Despite the increase in trade volume, imports consistently exceed exports in ___. |
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Card: 14 / 50
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Value  |
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Card: 15 / 50
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The share of crude petroleum and petroleum products in India's exports has ___ from 2015-2022. |
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Card: 16 / 50
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Increased  |
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Card: 17 / 50
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True or False: The manufacturing sector contributed 67.8% to India's total export value in 2021-22. |
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Card: 18 / 50
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True  |
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Card: 19 / 50
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What has happened to the exports of traditional agricultural products like cashew from India in recent years? |
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Card: 20 / 50
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Exports have declined due to intense international competition.  |
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Card: 21 / 50
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Fill in the blank: The share of ores and minerals in India's exports has remained largely ___. |
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Card: 22 / 50
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Constant  |
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Card: 23 / 50
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Which two regions are identified as major competitors in India's manufacturing sector? |
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China and other East Asian countries.  |
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Card: 25 / 50
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True or False: The export share of floricultural products has decreased in recent years. |
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Card: 26 / 50
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False. The export share of floricultural products has increased.  |
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Card: 27 / 50
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The sector that contributes significantly to India's foreign trade is ___ and ___. |
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Card: 28 / 50
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Gems and jewellery  |
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Card: 29 / 50
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What was the trend in the export share of manufactured goods from 2015 to 2022? |
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Card: 30 / 50
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The export share of manufactured goods has declined.  |
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Card: 31 / 50
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Fill in the blank: In 2021-22, ___ goods experienced significant growth within India's manufacturing sector. |
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Card: 32 / 50
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Engineering  |
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Card: 33 / 50
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What are the key commodities that have seen an increase in export share for India during 2015-2022? |
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Card: 34 / 50
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Crude petroleum, petroleum products, and other commodities.  |
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Card: 35 / 50
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Fill in the blank: India faced significant food shortages in the 1950s and 1960s, leading to heavy imports of food grains, capital goods, and ___. |
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Card: 36 / 50
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Machinery  |
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Card: 37 / 50
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True or False: After the 1970s, India's food grain imports continued to rise due to ongoing shortages. |
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Card: 38 / 50
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False. Food grain imports ceased after the 1970s following the success of the Green Revolution.  |
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Card: 39 / 50
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What were the main components of India's import basket as of the recent data? |
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Card: 40 / 50
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Machinery and equipment, special steel, edible oil, and chemicals.  |
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Card: 41 / 50
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Fill in the blank: The 1973 energy crisis led to rising petroleum prices, which increased the import costs of ___. |
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Card: 42 / 50
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Petroleum  |
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Card: 43 / 50
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Short Answer: What has been the trend regarding food imports in India in recent years? |
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Card: 44 / 50
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Food imports have declined significantly.  |
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Card: 45 / 50
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True or False: The decline in capital goods imports indicates a decrease in industrial activity in India. |
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Card: 46 / 50
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False. The decline in capital goods imports reflects a shift in India's import composition rather than a decrease in industrial activity.  |
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Card: 47 / 50
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Fill in the blank: Rising petroleum imports in India are reflective of industrialization and improved ___ standards. |
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Card: 48 / 50
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Living  |
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Card: 49 / 50
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What is one major shift in India's import composition post-1970? |
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Card: 50 / 50
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The replacement of food grain imports with fertilizers and petroleum.  |
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 Completed! Keep practicing to master all of them. |
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