Chapter 10: Foreign Trade of India Q.6. Observe the following table and answer the questions given below the table:

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board 

 

Chapter 10: Foreign Trade of India

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: -

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

Solution: - Eastern Europe

Which organization has maximum share in India’s direction 

Solution: - OECD

Expand the abbreviations of OECD and OPEC?

Solution: - ORGANISATION FOR ECONOMIC COOPERATION AND DEVELOPMENT AND ORGANISATION OF THE PETROLEUM EXPORTING COUNTRIES.

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

Solution: -INDIA'S IMPORTS INCREASING OVER THE YEARS

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

Solution: - 24.6