1. What is the historical trend of India's GDP growth over the past two decades?
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A) Fluctuating growth rates
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B) Declining growth rates
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C) Stable growth at around 7%
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D) Average growth below 5%
Answer: C) Stable growth at around 7%
2. Which sector employs a significant portion of the Indian population and contributes to food self-sufficiency?
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A) Service Sector
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B) Industrial Sector
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C) Agricultural Sector
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D) Manufacturing Sector
Answer: C) Agricultural Sector
3. What are key industries in the Indian industrial sector?
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A) Textiles, pharmaceuticals, and information technology
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B) Agriculture, mining, and textiles
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C) Automotive, construction, and software exports
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D) Food processing, aviation, and telecommunications
Answer: A) Textiles, pharmaceuticals, and information technology
4. What is a significant contribution of the services sector to India's GDP?
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A) Automotive manufacturing
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B) Agriculture production
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C) IT and software services
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D) Mining and extraction
Answer: C) IT and software services
5. What demographic advantage does India possess for economic growth?
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A) Aging population
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B) Declining population
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C) Demographic dividend with a young population
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D) Stable population structure
Answer: C) Demographic dividend with a young population
6. What is the focus of infrastructure development projects like Bharatmala and Sagarmala in India?
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A) Agricultural development
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B) Industrial expansion
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C) Transportation infrastructure enhancement
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D) Healthcare facilities improvement
Answer: C) Transportation infrastructure enhancement
7. Which economic reforms aim to streamline taxation and bankruptcy processes in India?
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A) Project Bharatmala
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B) Goods and Services Tax (GST) and Insolvency and Bankruptcy Code (IBC)
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C) Sagarmala initiative
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D) Economic Diversification Plan
Answer: B) Goods and Services Tax (GST) and Insolvency and Bankruptcy Code (IBC)
8. In what way does India participate in the global economy?
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A) By isolating from international trade
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B) Only through bilateral agreements
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C) Through active engagement in global trade
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D) By focusing solely on domestic markets
Answer: C) Through active engagement in global trade
9. What challenges does the Indian economy face, as mentioned in the provided information?
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A) Overpopulation and resource scarcity
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B) Economic overdependence on agriculture
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C) Unemployment, income inequality, and agricultural distress
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D) Stable economic conditions with no significant challenges
Answer: C) Unemployment, income inequality, and agricultural distress
10. What areas does India focus on for future economic development, as mentioned in the information?
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A) Traditional industries
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B) Investments in fossil fuels
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C) Sustainable development, renewable energy, and innovation
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D) Heavy reliance on agriculture
Answer: C) Sustainable development, renewable energy, and innovation
11. When did industrialization begin in India, approximately?
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A) Early 20th century
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B) During the Mughal era
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C) Late 19th century during British colonial rule
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D) Post-independence era
Answer: C) Late 19th century during British colonial rule
12. How is India's industrial sector classified?
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A) Manufacturing, agriculture, and services
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B) Services, construction, and agriculture
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C) Manufacturing, mining, and construction
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D) Information technology, textiles, and pharmaceuticals
Answer: C) Manufacturing, mining, and construction
13. What was the approximate contribution of the industrial sector to India's GDP as of the last knowledge update in January 2022?
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A) 10%
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B) 15%
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C) 25%
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D) 30%
Answer: C) 25%
14. What role do Small and Medium Enterprises (SMEs) play in Indian industrial development?
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A) Limited role in employment generation
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B) Significant role in economic output only
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C) No contribution to industrial growth
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D) Significant role in employment generation and economic output
Answer: D) Significant role in employment generation and economic output
15. Which industry has made India a prominent player in the global market, with major international companies establishing manufacturing plants in the country?
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A) Textile industry
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B) Pharmaceutical industry
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C) Information technology (IT) industry
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D) Automobile industry
Answer: D) Automobile industry
16. Which cities are known as major IT and innovation centers in India?
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A) Delhi and Mumbai
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B) Kolkata and Chennai
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C) Bangalore and Hyderabad
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D) Pune and Ahmedabad
Answer: C) Bangalore and Hyderabad
17. What does the pharmaceutical sector in India primarily contribute to the global market?
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A) Branded drugs
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B) Patented drugs
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C) Generic drugs
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D) Over-the-counter drugs
Answer: C) Generic drugs
18. What is essential for industrial growth, according to the information?
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A) Government subsidies
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B) Robust infrastructure
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C) Low-cost labor
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D) Exclusive reliance on technology
Answer: B) Robust infrastructure
19. What challenges does Indian industrial development face, as mentioned in the information?
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A) Excessive infrastructure
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B) Simple regulatory procedures
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C) Access to finance
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D) Lack of government support
Answer: C) Access to finance
20. What technologies and focus areas are highlighted for the future prospects of India's industrial sector?
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A) Industry 2.0 technologies and globalization
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B) Sustainability, innovation, and Industry 4.0 technologies
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C) Traditional manufacturing and mass production
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D) Import-dependent technologies
Answer: B) Sustainability, innovation, and Industry 4.0 technologies
21. What is the general trend concerning India's trade balance, ?
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A) Consistent surplus
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B) Periodic fluctuations
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C) Persistent deficit
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D) Balanced trade
Answer: C) Persistent deficit
22. Which countries are mentioned as major trading partners of India?
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A) Russia and Brazil
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B) China and Japan
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C) Australia and Germany
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D) United States and Saudi Arabia
Answer: D) United States and Saudi Arabia
23. What goods and services does India export, ?
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A) Crude oil and machinery
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B) Electronic goods and precious metals
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C) Pharmaceuticals, textiles, software services, and agricultural products
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D) Agricultural products and software services
Answer: C) Pharmaceuticals, textiles, software services, and agricultural products
24. What commodities does India import ?
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A) Agricultural products
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B) Crude oil, machinery, electronic goods, and precious metals
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C) Textiles and software services
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D) Pharmaceuticals and precious metals
Answer: B) Crude oil, machinery, electronic goods, and precious metals
25. What trade facilitation measures has the Indian government implemented ?
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A) Single Window Interface for Facilitating Trade (SWIFT) and Value Added Tax (VAT)
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B) Export Promotion Capital Goods (EPCG) and Goods and Services Tax (GST)
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C) World Trade Organization (WTO) and electronic Negotiable Warehouse Receipt (e-NWR) system
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D) Trade Infrastructure for Export Scheme (TIES) and North American Free Trade Agreement (NAFTA)
Answer: B) Export Promotion Capital Goods (EPCG) and Goods and Services Tax (GST)
26. What challenges does Indian foreign trade face ?
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A) Stable customs procedures
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B) Economic certainties
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C) Infrastructure strengths
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D) Global economic uncertainties
Answer: D) Global economic uncertainties
27. Which digital initiatives contribute to enhancing efficiency and transparency in foreign trade?
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A) Single Window Interface for Facilitating Trade (SWIFT)
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B) World Trade Organization (WTO)
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C) Electronic Negotiable Warehouse Receipt (e-NWR) system and Trade Infrastructure for Export Scheme (TIES)
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D) Value Added Tax (VAT) and North American Free Trade Agreement (NAFTA)
Answer: C) Electronic Negotiable Warehouse Receipt (e-NWR) system and Trade Infrastructure for Export Scheme (TIES)
28. What is emphasized in the future outlook for India's foreign trade?
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A) Dependence on traditional sectors
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B) Reduction of trade agreements
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C) Focus on e-commerce and digital services
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D) Exclusively regional economic cooperation
Answer: C) Focus on e-commerce and digital services
29. What is the primary purpose of India's import of crude oil?
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A) Exclusively for domestic consumption
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B) To support industrial and domestic energy needs
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C) To become a major exporter of oil
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D) Cultural practices and investment preferences
Answer: B) To support industrial and domestic energy needs
30. What factors influence the import of gold and precious metals by India?
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A) Industrial demand only
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B) Government regulations
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C) Consumer demand, cultural practices, and investment preferences
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D) Economic sanctions on other metals
Answer: C) Consumer demand, cultural practices, and investment preferences
31. Why does India import electronics and machinery?
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A) To reduce technological advancements
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B) To limit industrial growth
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C) To support its industrial and technological sectors
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D) To discourage domestic manufacturing
Answer: C) To support its industrial and technological sectors
32. What is the primary use of imported chemicals and fertilizers in India?
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A) Cultural practices
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B) Agriculture, pharmaceuticals, and manufacturing
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C) Environmental conservation
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D) Supporting the textile industry
Answer: B) Agriculture, pharmaceuticals, and manufacturing
33. Despite being a coal-producing country, why does India import coal and natural gas?
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A) To increase domestic production
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B) To support the coal-producing industry
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C) To meet growing energy demands and supplement domestic production
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D) To decrease reliance on natural resources
Answer: C) To meet growing energy demands and supplement domestic production
34. Why does India import pulses and edible oils?
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A) For cultural celebrations
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B) To support the textile industry
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C) To fulfill domestic demand for protein and cooking oils
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D) To limit the consumption of protein
Answer: C) To fulfill domestic demand for protein and cooking oils
35. What is the purpose of importing medical equipment by India?
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A) For industrial development
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B) To support cultural practices
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C) To promote tourism
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D) To support the healthcare sector
Answer: D) To support the healthcare sector
36. Why does India import iron and steel?
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A) To reduce infrastructure development
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B) To meet the demands of infrastructure and construction projects
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C) To limit industrial growth
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D) To discourage domestic production of iron and steel
Answer: B) To meet the demands of infrastructure and construction projects
37. What is the primary reason for importing plastic and rubber products by India?
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A) To promote environmental conservation
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B) To discourage the plastic and rubber industries
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C) For artistic purposes
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D) For use in manufacturing and consumer goods
Answer: D) For use in manufacturing and consumer goods
38. Besides natural gas, for what purposes does India import coal and coke?
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A) To discourage power generation
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B) For culinary uses
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C) For various industrial processes, including power generation and manufacturing
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D) To decrease reliance on coal
Answer: C) For various industrial processes, including power generation and manufacturing
39. Which countries are among the major suppliers of crude oil to India?
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A) China, Japan, India
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B) Iraq, Saudi Arabia,Middle East, Russia
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C) United States, Russia, Australia
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D) South Africa, Canada, Myanmar
Answer: B) Iraq, Saudi Arabia,Middle East, Russia
40. From which countries does India primarily import gold and precious metals?
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A) China, India, Switzerland
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B) Switzerland, United Arab Emirates, South Africa
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C) Australia, Saudi Arabia, Indonesia
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D) United States, Germany, South Korea
Answer: B) Switzerland, United Arab Emirates, South Africa
41. What are the major suppliers of electronics and machinery to India?
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A) South Korea, China, India
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B) China, United States, South Korea
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C) Japan, Germany, United Kingdom
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D) Brazil, Russia, Mexico
Answer: B) China, United States, South Korea
42. From which countries does India predominantly import chemicals and fertilizers?
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A) Russia, Canada, Japan
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B) China, Saudi Arabia, United States
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C) Germany, France, Italy
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D) United Kingdom, Brazil, Australia
Answer: B) China, Saudi Arabia, United States
43. What are the major suppliers of coal and natural gas to India?
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A) United States, Canada, Mexico
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B) Indonesia, Australia, South Africa
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C) Brazil, Russia, China
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D) Saudi Arabia, United Arab Emirates, Qatar
Answer: B) Indonesia, Australia, South Africa
44. Which countries are among the significant suppliers of pulses and edible oils to India?
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A) Saudi Arabia, Canada, United States
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B) Myanmar, Canada, Indonesia
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C) China, Brazil, Argentina
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D) Germany, France, Italy
Answer: B) Myanmar, Canada, Indonesia
45. From which countries does India primarily import medical equipment?
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A) Russia, Germany, China
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B) United States, China, Germany
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C) France, Italy, United Kingdom
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D) Brazil, Mexico, Canada
Answer: B) United States, China, Germany
46. What are the major suppliers of iron and steel to India?
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A) China, Japan, South Korea
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B) United States, Germany, Russia
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C) India, Brazil, Australia
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D) United Kingdom, France, Italy
Answer: A) China, Japan, South Korea
47. Which countries are significant suppliers of plastic and rubber products to India?
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A) China, Saudi Arabia, United States
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B) Japan, South Korea, China
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C) Germany, France, Italy
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D) India, Brazil, Australia
Answer: A) China, Saudi Arabia, United States
48. From which countries does India majorly import coal and coke?
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A) Russia, United States, China
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B) Australia, United States, Russia
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C) South Africa, Indonesia, Canada
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D) Brazil, Mexico, Saudi Arabia
Answer: B) Australia, United States, Russia
49. Which regions are the major recipients of Indian pharmaceutical exports?
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A) China, India, Japan
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B) United States, European Union, Africa
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C) Brazil, Mexico, Canada
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D) Australia, New Zealand, Southeast Asia
Answer: B) United States, European Union, Africa
50. Where does India primarily export its software services and IT products?
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A) China, India, Japan
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B) United States, Europe, Middle East
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C) Russia, Australia, South America
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D) Africa, Southeast Asia, Canada
Answer: B) United States, Europe, Middle East
51. What are the major export destinations for Indian textiles and garments?
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A) United States, African Union, China
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B) United States, European Union, Middle East
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C) India, Japan, Southeast Asia
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D) Russia, Mexico, Canada
Answer: B) United States, European Union, Middle East
52. Which countries are significant recipients of Indian automobile and auto components exports?
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A) India, China, Japan
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B) United States, Mexico, European Union
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C) Brazil, Australia, South Korea
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D) Russia, Middle East, Southeast Asia
Answer: B) United States, Mexico, European Union
53. Where does India majorly export its chemicals and petrochemicals?
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A) United States, Africa, Southeast Asia
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B) United States, China, European Union Countries
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C) India, Japan, South Korea
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D) Russia, Australia, Middle East
Answer: B) United States, China, European Union Countries
54. What regions are significant recipients of Indian rice and agricultural product exports?
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A) Russia, Canada, Europe
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B) Middle East, Africa, Southeast Asia
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C) United States, China, Japan
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D) India, Brazil, Australia
Answer: B) Middle East, Africa, Southeast Asia
55. Which regions are major recipients of Indian gems and jewelry exports?
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A) India, Middle East, Southeast Asia
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B) United States, Europe, Middle East
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C) China, Japan, South Korea
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D) Africa, Australia, Canada
Answer: B) United States, Europe, Middle East
56. Where are the primary destinations for Indian engineering goods exports?
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A) Russia, India, Middle East
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B) United States, European Union, Middle East
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C) Brazil, Mexico, Southeast Asia
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D) China, Japan, Australia
Answer: B) United States, European Union, Middle East
57. Which countries are significant recipients of Indian iron ore exports?
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A) India, China, Japan
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B) United States, Canada, European Union
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C) Russia, Australia, Middle East
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D) Brazil, Mexico, Southeast Asia
Answer: A) China, Japan, South Korea
58. What regions are major recipients of Indian leather and leather products exports?
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A) United States, European Union, Middle East
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B) India, China, Japan
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C) Russia, Australia, South America
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D) Africa, Southeast Asia, Canada
Answer: A) United States, European Union, Middle East