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:
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.
Q.7. Answer in detail:
1. Explain the meaning and role of foreign trade
2. Explain the recent trends in India’s exports
