Default Title

Question (11)

QN0038181

Which of the following correctly distinguishes foreign trade from foreign investment?

(A) Foreign trade means only investment in factories
(B) Foreign investment means only export of goods
(C) Foreign trade involves buying and selling across countries, while foreign investment involves investment in production
(D) Both terms have exactly the same meaning

Correct Answer: C

Explanation:

Foreign trade concerns exchange of goods and services, while foreign investment concerns investment in production.

Link:

Report Error

Question (12)

QN0038182

A country's total trade is ₹65 crore, of which exports are ₹25 crore. Approximately what percentage of its total trade is represented by exports?

(A) 25.38%
(B) 35.46%
(C) 38.46%
(D) 40.65%

Correct Answer: C

Explanation:

Percentage = 25/65 × 100 ≈ 38.46%.

Link:

Report Error

Question (13)

QN0038183

When foreign trade connects markets of different countries, what generally happens to prices of similar goods?

(A) They always become completely different
(B) They tend to become equal or closer
(C) They become zero
(D) They are fixed permanently by governments

Correct Answer: B

Explanation:

Foreign trade creates competition between producers, causing prices of similar goods to tend towards equality.

Link:

Report Error

Question (14)

QN0038184

An Indian toy originally sells for ₹600. Due to competition, its price falls to ₹500. What is the percentage reduction in its price?

(A) 10%
(B) 16.67%
(C) 20%
(D) 25%

Correct Answer: B

Explanation:

Reduction = ₹100. Percentage reduction = 100/600 × 100 = 16.67%.

Link:

Report Error

Question (15)

QN0038185

What does the term globalisation refer to in the context of the chapter?

(A) Complete removal of domestic production
(B) Rapid integration or interconnection between countries
(C) Ending all international trade
(D) Restricting movement of technology

Correct Answer: B

Explanation:

Globalisation refers to rapid integration or interconnection between countries.

Link:

Report Error

Question (16)

QN0038186

A transport system reduces the average delivery time from 10 days to 6 days. What is the percentage reduction in delivery time?

(A) 20%
(B) 30%
(C) 40%
(D) 60%

Correct Answer: C

Explanation:

Reduction = 4 days. Percentage = 4/10 × 100 = 40%.

Link:

Report Error

Question (17)

QN0038187

How has containerisation helped international trade?

(A) It has increased port costs
(B) It has reduced handling costs and made transportation faster
(C) It has stopped exports
(D) It has reduced the need for transport

Correct Answer: B

Explanation:

Containers reduce port handling costs and speed up the movement of goods.

Link:

Report Error

Question (18)

QN0038188

A firm spends ₹20 lakh on transportation. New technology reduces this cost by 15%. What is the new cost?

(A) ₹15 lakh
(B) ₹17 lakh
(C) ₹18 lakh
(D) ₹19 lakh

Correct Answer: B

Explanation:

Reduction = 15% of ₹20 lakh = ₹3 lakh. New cost = ₹17 lakh.

Link:

Report Error

Question (19)

QN0038189

Which combination has enabled production of services to be carried out across different countries?

(A) Only traditional transport
(B) Information technology, telecommunications and computers
(C) Only agriculture
(D) Only local markets

Correct Answer: B

Explanation:

IT, telecommunications and computers allow services to be produced across countries.

Link:

Report Error

Question (20)

QN0038190

A task that earlier took 5 hours can now be completed in 30 minutes using improved technology. What is the percentage reduction in time?

(A) 50%
(B) 75%
(C) 80%
(D) 90%

Correct Answer: D

Explanation:

5 hours = 300 minutes. Reduction = 270 minutes. Percentage = 270/300 × 100 = 90%.

Link:

Report Error

Question (11)

Which of the following correctly distinguishes foreign trade from foreign investment?

Explanation:

Link:

Question (12)

A country's total trade is ₹65 crore, of which exports are ₹25 crore. Approximately what percentage of its total trade is represented by exports?

Explanation:

Link:

Question (13)

When foreign trade connects markets of different countries, what generally happens to prices of similar goods?

Explanation:

Link:

Question (14)

An Indian toy originally sells for ₹600. Due to competition, its price falls to ₹500. What is the percentage reduction in its price?

Explanation:

Link:

Question (15)

What does the term globalisation refer to in the context of the chapter?

Explanation:

Link:

Question (16)

A transport system reduces the average delivery time from 10 days to 6 days. What is the percentage reduction in delivery time?

Explanation:

Link:

Question (17)

How has containerisation helped international trade?

Explanation:

Link:

Question (18)

A firm spends ₹20 lakh on transportation. New technology reduces this cost by 15%. What is the new cost?

Explanation:

Link:

Question (19)

Which combination has enabled production of services to be carried out across different countries?

Explanation:

Link:

Question (20)

A task that earlier took 5 hours can now be completed in 30 minutes using improved technology. What is the percentage reduction in time?

Explanation:

Link:

Excel With Tutors

ExcelWithTutors

For Student

For Tutors

Learn

OUR POLICY