Export, Import - GS questions based on daily current affairs

1)   Arrange India’s following major services export in decreasing order of their share (in %)

1) Transport
2) Travel
3) Financial, Insurance and pension services
4) Computer Services
5) Other Business Services

a. 4 > 3 > 2 > 5 > 1
b. 5 > 4 > 3 > 2 > 1
c. 4 > 5 > 2 > 1 > 3
d. 3 > 5 > 1 > 4 > 2
Answer  Explanation 

ANSWER: 4 > 5 > 2 > 1 > 3

Explanation:
India’s major services exports are computer services (45.8 per cent share); other business services (18.8 per cent share) [including professional and consulting services (10.2 per cent share), technical and trade-related services (7.8 per cent share) and R & D services (0.8 per cent share)]; travel (11.8 per cent share); transport (11.5 per cent share); and financial, insurance and pension services (5.8 per cent share).
2)   Arrange following commodities in decreasing order of their percentage share in India’s exports

1) Gold and Silver
2) Electronic Goods
3) Machinery
4) Crude Oil and Petroleum Products
5) Pearl, Precious and Semi-precious stones

a. 4>1>3>5>2
b. 4>1>3>2>5
c. 4>3>1>5>2
d. 1>4>5>3>2
Answer  Explanation 

ANSWER: 4>1>3>2>5

Explanation:
India is known as absorber of Gold. Also, India imports pearls, precious and semi-precious stones and exports gems and jewellery (after value addition). Machinery is mostly imported for capital creation which fuels growth.
3)   Arrange following commodities in decreasing order of their percentage share in India’s exports

1) Agriculture and allied Products
2) Petroleum Products
3) Transport equipment
4) Gems and Jewellery
5) Chemical and Related Products

a. 2 > 3 > 1 > 5 > 4
b. 2 > 3 > 4 > 5 > 1
c. 2 > 4 > 1 > 5 > 3
d. 3 > 2 > 1 > 4 > 5
Answer  Explanation 

ANSWER: 2 > 4 > 1 > 5 > 3

Explanation:
India is one of the top exporters for petroleum products. Also, engineering goods form a considerable amount of exports. India being top producer of agricultural produce, agricultural products have risen in terms of their export (quantity and revenue earned wise). They have overtaken engineering goods.

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