Explore topic-wise MCQs in International Trade.

This section includes 27 Mcqs, each offering curated multiple-choice questions to sharpen your International Trade knowledge and support exam preparation. Choose a topic below to get started.

1.

GATT was formed in:
A. 1904
B. 1924
C. 1954
D. 1994
Answer» E.
Discussion
2.

The Headquarters of EU are at:
A. London
B. Paris
C. Brussels
D. Berlin
Answer» D. Berlin
Discussion
3.

Slave trade was abolished in the USA in:
A. 1708
B. 1758
C. 1778
D. 1808
Answer» E.
Discussion
4.

Silk route was between:
A. China and Rome
B. China and India
C. Japan and Sri Lanka
D. D.
Answer» B. China and India
Discussion
5.

Which one of the following continents has the maximum flow of global trade?
A. Asia
B. North America
C. Europe
D. Africa
Answer» C. Europe
Discussion
6.

Most of the world s great ports are classified as:
A. Naval Ports
B. Oil Ports
C. Comprehensive Ports
D. Industrial Ports
Answer» D. Industrial Ports
Discussion
7.

Which is a Port of Call?
A. Aden
B. Karachi
C. Goa
D. Chennai
Answer» B. Karachi
Discussion
8.

Which is a river port?
A. Mumbai
B. Kochi
C. Kolkata
D. Karachi
Answer» D. Karachi
Discussion
9.

Which is not included in SAARC?
A. India
B. Pakistan
C. Nepal
D. Iran
Answer» E.
Discussion
10.

How many countries are there in OPEC?
A. 10
B. 11
C. 12
D. 13
Answer» D. 13
Discussion
11.

In which trading block is Iceland?
A. EU
B. E.F.T.A.
C. NAFTA
D. OPEC
Answer» C. NAFTA
Discussion
12.

When exports are more than imports, trade is:
A. Favourable
B. Unfavourable
C. Opposite
D. Unbalanced
Answer» B. Unfavourable
Discussion
13.

In which of the following trade blocks, is India an associate member?
A. SAFTA
B. QECD
C. ASEAN
D. OPEC
Answer» D. OPEC
Discussion
14.

Which one of the following South American nation is a part of OPEC?
A. Brazil
B. Chile
C. Venezuela
D. Peru
Answer» D. Peru
Discussion
15.

Most of India s foreign trade is carried through:
A. Land and sea
B. Land and air
C. Sea and air
D. Sea
Answer» D. Sea
Discussion
16.

Which one of the following is a landlocked harbour?
A. Vishakhapatnam
B. Mumbai
C. Ennor
D. Haldia
Answer» E.
Discussion
17.

Trade between two countries is termed as:
A. Internal trade
B. External trade
C. International trade
D. Local trade
Answer» D. Local trade
Discussion
18.

When was Chennai port built?
A. 1839
B. 1849
C. 1859
D. 1869
Answer» D. 1869
Discussion
19.

India has ______ major ports.
A. 6
B. 8
C. 10
D. 12
Answer» E.
Discussion
20.

What was the reason for the decline of import of foodgrains?
A. Green revolution
B. Decline in population
C. Decrease in the birth rate
D. Import duty
Answer» B. Decline in population
Discussion
21.

What is India s share in world trade?
A. 1%
B. 2%
C. 3%
D. 4%
Answer» B. 2%
Discussion
22.

Which element of India s International trade has changed?
A. Amount
B. Composition
C. Direction
D. All the above
Answer» E.
Discussion
23.

What is the major export from New Mangalore ports?
A. Coal
B. Iron ore
C. Copper
D. Mica
Answer» C. Copper
Discussion
24.

Which port is called the Queen of Arabian Sea ?
A. Mangalore
B. Cochi
C. Mumbai
D. Kandla
Answer» C. Mumbai
Discussion
25.

In which state is Nhava Sheva port located?
A. Gujarat
B. Goa
C. Maharashtra
D. Karnataka
Answer» D. Karnataka
Discussion
26.

Which country is the largest trading partner of India?
A. Britain
B. China
C. the USA
D. Pakistan
Answer» D. Pakistan
Discussion
27.

What is the cargo handling capacity of Indian ports (million tonnes)?
A. 100
B. 300
C. 500
D. 700
Answer» D. 700
Discussion