Answer: Option [C]The correct answer is Punjab. Punjab states ranks first in terms of the maximum number of agrobased industries.
Answer: Option [A]The correct answer is Oil and Petroleum.
Answer: Option [C]The most important small-scale industry in India is that of handloom.
Answer: Option [A]The largest importer country of Indian textile is Italy. Italy imports about 16% of Indian textiles while USA imports 15% of Indian textiles. Textile export contributes 15% to Indian earnings.
Answer: Option [B]The difference between visible exports and visible imports is defined as Balance of trade. In balance of payments, the difference between visible or tangible exports and visible or tangible imports of a domestic country with the rest of the world is known as Balance of Trade. It is the difference between the top most items of balance of payment.
Answer: Option [A]The correct answer is UTI-I.
Answer: Option [B]The correct answer is UTI-II. The part of separated UTI is under SEBI’s regulation is UTI-II. UTI will be bifurcated, with one part continuing under government purview and holding all non-NAV based schemes and the other portion coming under the Sebi umbrella.
Answer: Option [C]The correct answer is Freight. Around 70 per cent revenue of the Indian Railways comes from freight traffic. The Railways keeps its passenger fares low and cross-subsidises the loss-making passenger traffic with the profit-making freight transportation.
Answer: Option [D]The industry earns the second highest net foreign exchange from the trade is Engineering goods industry. The engineering sector is made up of a wide range of industries (including fabricated metal products, industrial machinery and equipment, electronics and other electrical equipment, transportation equipment, and instruments and related products).
Answer: Option [B]The correct answer is Imposition of higher duty on exports. Imposition of higher duty on imports will make the imports costly and as a result may promote export. Imposition of higher duty on exports will make the exports costly and may help in bridging the trade gap.