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Question

The highest percentage of export from India went to which of the following regions in 2013-14 ?

This question was previously asked in
UGC NET 2015 Paper 1 Question Paper (27-Dec-2015)
The correct answer is

OECD countries

India's export direction is reported region-wise in the Economic Survey, grouping destinations into OECD countries, OPEC, Eastern Europe, developing countries (including SAARC and Latin America) and others.

In 2013-14 the OECD group, which includes the European Union, the United States and Japan, took roughly one-third of India's merchandise exports, the largest share of any region.

The United States is itself a member of the OECD, so its share (about one-eighth) is necessarily smaller than that of the whole group; SAARC and Latin America each took only a single-digit share of India's exports.

Hence, the answer is OECD countries.

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Important Questions from India’s foreign trade policy

  1. Which of the following acts governs the anti-dumping duty in India?
  2. Foreign trade can contribute manifold to the growth. With reference to the role of foreign trade in economic development, which of the following statements is correct?

    I. It enhances the welfare of domestic workers.

    II. It helps to reduce poverty completely in all developing countries.

  3. The Government of India on 27-9-22 extended the existing Foreign Trade Policy (2015-20) up to which one of the following on account of volatile global economic and geo-political situation and currency fluctuations?

  4. Which of the following is true about India Trade Policy (Export-Import), 2015-2019?

    a) Doubling the exports (both merchandise and services)

    b) Achieve 3.5% share in global exports

    c) Introduced two new schemes (MEIS and SEIS)

    d) Introduced simplified Aayat-Niryat Form

    Choose the correct answer from the following:

  5. As per the Foreign Trade Policy 2015-2020, a three star export house should have :
    (1) Export performance (FOB/FOR) of US $ 100 million during current and previous two years.
    (2) Export performance (FOB/FOR) of US $ 500 million during current and previous two years.
    (3) Export performance (FOB/FOR) of US $ 1000 million during current and previous two years.
    (4) Export performance (FOB/FOR) of US $ 2000 million during current and previous two years.
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