{"id":91761,"date":"2025-06-01T11:05:10","date_gmt":"2025-06-01T11:05:10","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91761"},"modified":"2025-06-01T11:05:10","modified_gmt":"2025-06-01T11:05:10","slug":"with-reference-to-the-international-trade-of-india-at-present-which-o","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-trade-of-india-at-present-which-o\/","title":{"rendered":"With reference to the international trade of India at present, which o"},"content":{"rendered":"<p>With reference to the international trade of India at present, which of the following statements is\/are correct ?<\/p>\n<ul>\n<li>1. India&#8217;s merchandise exports are less than its merchandise imports.<\/li>\n<li>2. India&#8217;s imports of iron and steel, chemicals, fertilizers and machinery have decreased in recent years.<\/li>\n<li>3. India&#8217;s exports of services are more than its imports of services.<\/li>\n<li>4. India suffers from an overall trade\/current account deficit.<\/li>\n<\/ul>\n<p>Select the correct answer using the code given below :<\/p>\n<p>[amp_mcq option1=&#8221;1 and 2 only&#8221; option2=&#8221;2 and 4 only&#8221; option3=&#8221;3 only&#8221; option4=&#8221;1, 3 and 4 only&#8221; correct=&#8221;option4&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2020<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2020.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2020\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nThe question asks about correct statements regarding India&#8217;s current international trade situation.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\n&#8211; 1. India&#8217;s merchandise exports are historically less than its merchandise imports, resulting in a merchandise trade deficit. This statement is generally correct based on persistent trends.<br \/>\n&#8211; 2. India&#8217;s imports of iron and steel, chemicals, fertilizers, and machinery are typically significant due to industrial and agricultural needs. While imports can fluctuate, a general decrease across all these major categories in recent years is unlikely given India&#8217;s economic growth and reliance on these items. This statement is likely incorrect.<br \/>\n&#8211; 3. India has a strong services sector, particularly IT and BPO, leading to a consistent surplus in services trade (exports of services are more than imports). This statement is correct.<br \/>\n&#8211; 4. Despite a surplus in services trade, India&#8217;s large merchandise trade deficit usually results in an overall current account deficit (CAD), meaning total imports of goods, services, income, and transfers exceed total exports and receipts. This statement is correct.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nIndia&#8217;s balance of payments position is significantly influenced by its merchandise trade deficit, which is partially offset by its services trade surplus and remittances. However, the net effect often results in a current account deficit.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>With reference to the international trade of India at present, which of the following statements is\/are correct ? 1. India&#8217;s merchandise exports are less than its merchandise imports. 2. India&#8217;s imports of iron and steel, chemicals, fertilizers and machinery have decreased in recent years. 3. India&#8217;s exports of services are more than its imports of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"With reference to the international trade of India at present, which o\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-trade-of-india-at-present-which-o\/#more-91761\">Detailed Solution<span class=\"screen-reader-text\">With reference to the international trade of India at present, which o<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1288,1226],"class_list":["post-91761","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1288","tag-external-sector-of-economy","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>With reference to the international trade of India at present, which o<\/title>\n<meta name=\"description\" content=\"The question asks about correct statements regarding India&#039;s current international trade situation. - 1. India&#039;s merchandise exports are historically less than its merchandise imports, resulting in a merchandise trade deficit. This statement is generally correct based on persistent trends. - 2. India&#039;s imports of iron and steel, chemicals, fertilizers, and machinery are typically significant due to industrial and agricultural needs. While imports can fluctuate, a general decrease across all these major categories in recent years is unlikely given India&#039;s economic growth and reliance on these items. This statement is likely incorrect. - 3. India has a strong services sector, particularly IT and BPO, leading to a consistent surplus in services trade (exports of services are more than imports). This statement is correct. - 4. Despite a surplus in services trade, India&#039;s large merchandise trade deficit usually results in an overall current account deficit (CAD), meaning total imports of goods, services, income, and transfers exceed total exports and receipts. This statement is correct.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-trade-of-india-at-present-which-o\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With reference to the international trade of India at present, which o\" \/>\n<meta property=\"og:description\" content=\"The question asks about correct statements regarding India&#039;s current international trade situation. - 1. India&#039;s merchandise exports are historically less than its merchandise imports, resulting in a merchandise trade deficit. This statement is generally correct based on persistent trends. - 2. India&#039;s imports of iron and steel, chemicals, fertilizers, and machinery are typically significant due to industrial and agricultural needs. While imports can fluctuate, a general decrease across all these major categories in recent years is unlikely given India&#039;s economic growth and reliance on these items. This statement is likely incorrect. - 3. India has a strong services sector, particularly IT and BPO, leading to a consistent surplus in services trade (exports of services are more than imports). This statement is correct. - 4. Despite a surplus in services trade, India&#039;s large merchandise trade deficit usually results in an overall current account deficit (CAD), meaning total imports of goods, services, income, and transfers exceed total exports and receipts. This statement is correct.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-trade-of-india-at-present-which-o\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:05:10+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"With reference to the international trade of India at present, which o","description":"The question asks about correct statements regarding India's current international trade situation. - 1. India's merchandise exports are historically less than its merchandise imports, resulting in a merchandise trade deficit. This statement is generally correct based on persistent trends. - 2. India's imports of iron and steel, chemicals, fertilizers, and machinery are typically significant due to industrial and agricultural needs. While imports can fluctuate, a general decrease across all these major categories in recent years is unlikely given India's economic growth and reliance on these items. This statement is likely incorrect. - 3. India has a strong services sector, particularly IT and BPO, leading to a consistent surplus in services trade (exports of services are more than imports). This statement is correct. - 4. Despite a surplus in services trade, India's large merchandise trade deficit usually results in an overall current account deficit (CAD), meaning total imports of goods, services, income, and transfers exceed total exports and receipts. This statement is correct.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-trade-of-india-at-present-which-o\/","og_locale":"en_US","og_type":"article","og_title":"With reference to the international trade of India at present, which o","og_description":"The question asks about correct statements regarding India's current international trade situation. - 1. India's merchandise exports are historically less than its merchandise imports, resulting in a merchandise trade deficit. This statement is generally correct based on persistent trends. - 2. India's imports of iron and steel, chemicals, fertilizers, and machinery are typically significant due to industrial and agricultural needs. While imports can fluctuate, a general decrease across all these major categories in recent years is unlikely given India's economic growth and reliance on these items. This statement is likely incorrect. - 3. India has a strong services sector, particularly IT and BPO, leading to a consistent surplus in services trade (exports of services are more than imports). This statement is correct. - 4. Despite a surplus in services trade, India's large merchandise trade deficit usually results in an overall current account deficit (CAD), meaning total imports of goods, services, income, and transfers exceed total exports and receipts. This statement is correct.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-trade-of-india-at-present-which-o\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T11:05:10+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-trade-of-india-at-present-which-o\/","url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-trade-of-india-at-present-which-o\/","name":"With reference to the international trade of India at present, which o","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T11:05:10+00:00","dateModified":"2025-06-01T11:05:10+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The question asks about correct statements regarding India's current international trade situation. - 1. India's merchandise exports are historically less than its merchandise imports, resulting in a merchandise trade deficit. This statement is generally correct based on persistent trends. - 2. India's imports of iron and steel, chemicals, fertilizers, and machinery are typically significant due to industrial and agricultural needs. While imports can fluctuate, a general decrease across all these major categories in recent years is unlikely given India's economic growth and reliance on these items. This statement is likely incorrect. - 3. India has a strong services sector, particularly IT and BPO, leading to a consistent surplus in services trade (exports of services are more than imports). This statement is correct. - 4. Despite a surplus in services trade, India's large merchandise trade deficit usually results in an overall current account deficit (CAD), meaning total imports of goods, services, income, and transfers exceed total exports and receipts. This statement is correct.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-trade-of-india-at-present-which-o\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-trade-of-india-at-present-which-o\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-international-trade-of-india-at-present-which-o\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"With reference to the international trade of India at present, which o"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=91761"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91761\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=91761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=91761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=91761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}