ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cotton textiles
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Tea
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Jute
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Engineering goods
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Detailed explanation-1: -Which of the following items was not exported prior to independence? The correct option is (c). Engineering goods. Engineering goods are comprised of industrial machinery, equipment, metal product, transport equipment, auto and its components.
Detailed explanation-2: -Before independence, India used to export tea, jute, cloth, leather, iron and spices. Now India exports machines, engineering goods, chemicals, chemical products, ready made garments, gems, processed foods and handicrafts.
Detailed explanation-3: -Wool-Raw wool is produced in many parts of India but they are not exported out of the country.
Detailed explanation-4: -Before independence, India used to export tea, jute, cloth, leather, iron and spices.
Detailed explanation-5: -Consider the following statements, 1] Iran is one of the largest importers of Basmati rice from India. More items