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Solutions for Chapter 10: Foreign Trade of India
Below listed, you can find solutions for Chapter 10 of Maharashtra State Board Balbharati for Economics [English] 12 Standard HSC.
Balbharati solutions for Economics [English] 12 Standard HSC 10 Foreign Trade of India Exercise [Page 98]
Types of foreign trade:
- Import trade
- Export trade
- Entrepot trade
- Internal trade
a and b
a, b and c
a, b, c and d
None of these
Choose the correct option:
Export trends of India’s foreign trade include:
- Engineering goods
- Gems and Jewellery
- Textiles and ready-made garments
- Gold
a and c
a, b and c
b, c and d
None of these
Choose the correct option:
The role of foreign trade is:
- To earn foreign exchange
- To encourage investment
- Lead to the division of labour
- Bring change in the composition of exports
a and b
a, b and c
b and d
None of these
Identify and explain the concept from the given illustration:
India purchased petroleum from Iran.
Identify and explain the concept from the given illustration:
Maharashtra purchased wheat from Punjab.
Identify and explain the concept from the given illustration:
England imported cotton from India, made readymade garments from it and sold them to Malaysia.
Identify and explain the concept from the given illustration:
Japan sells smartphones to Myanmar.
Distinguish between Internal trade and International trade.
Distinguish between Trends in imports and Trends in exports of foreign trade
Distinguish between Balance of payments and Balance of trade.
Explain the concept of foreign trade and its types.
Explain any four features of composition of India's foreign trade.
Explain the trend in India's imports.
State with reason whether you agree or disagree with the following statement:
During British rule, indigenous handicrafts suffered a severe blow.
Agree
Disagree
State with reason whether you agree or disagree with the following statement:
Trade is an engine of growth for an economy.
Agree
Disagree
State with reason whether you agree or disagree with the following statement:
Foreign trade leads to division of labour and specialization at world level.
Agree
Disagree
Observe the following table and answer the questions given below it.
| Countries/Organizations | Years | ||
| 1990-91 | 2015-16 | ||
| Sr. No. | Percentage | Percentage | |
| 1 | OECD | 54.0 | 28.8 |
| 2 | OPEC | 16.3 | 23.6 |
| 3 | Eastern Europe | 7.8 | 1.9 |
| 4 | Developing Nations | 18.6 | 43.2 |
| 5 | Others | 1.4 | 2.5 |
- Which organization has the least share in the direction of India's imports in 2015-16?
- Which organization has maximum share in India's direction of imports in 1990-91?
- 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?
Explain the meaning of foreign trade.
Explain the role of foreign trade.
Explain the recent trends in India’s exports.
Solutions for 10: Foreign Trade of India
Balbharati solutions for Economics [English] 12 Standard HSC chapter 10 - Foreign Trade of India
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Concepts covered in Economics [English] 12 Standard HSC chapter 10 Foreign Trade of India are Internal Trade, Foreign Trade of India, Composition of India’s Foreign Trade, Trends in India’s Foreign Trade since 2001, Concept of Balance of Payments (BOP), Direction of India’s Foreign Trade, Types of Foreign Trade, Role of Foreign Trade.
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