HSC Science (General) 12th Standard Board Exam - Maharashtra State Board Important Questions for Economics

Factors which are working in unorganized money market.

1. Money lenders
2. Commercial bank
3. Hundi
4. Chit funds

Types of foreign trade:

1. Import trade
2. Export trade
3. Entrepot trade
4. Internal trade

Choose the correct option:

Export trends of India’s foreign trade include:

1. Engineering goods
2. Gems and Jewellery
3. Textiles and ready-made garments
4. Gold

Choose the correct option:

The role of foreign trade is:

1. To earn foreign exchange
2. To encourage investment
3. Lead to the division of labour
4. Bring change in the composition of exports

State with reason whether you agree or disagree with the following statement:

Foreign trade leads to division of labour and specialization at world level.

Explain the recent trends in India’s exports.

Goods purchased from other countries : ______ :: Goods sold to other countries : Export

Distinguish Between:

Import Trade and Export Trade

Purchase of goods and services from one country and selling them to another country is ______

Assertion and reasoning question:

• Assertion (A): International trade leads to the division of labour and specialization.
• Reasoning (R): India's national trade is not increasing.