India's Trade with SAARC Countries

Description: Test your knowledge about India's trade with SAARC countries.
Number of Questions: 14
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Tags: international economics trade agreements saarc
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Which country is India's largest trading partner in the SAARC region?

  1. Bangladesh

  2. Nepal

  3. Sri Lanka

  4. Pakistan


Correct Option: A
Explanation:

Bangladesh is India's largest trading partner in the SAARC region, accounting for over 20% of India's total trade with SAARC countries.

What is the main export from India to SAARC countries?

  1. Petroleum products

  2. Machinery

  3. Textiles

  4. Pharmaceuticals


Correct Option: C
Explanation:

Textiles are the main export from India to SAARC countries, accounting for over 25% of India's total exports to the region.

Which country is India's second largest trading partner in the SAARC region?

  1. Nepal

  2. Sri Lanka

  3. Pakistan

  4. Afghanistan


Correct Option: A
Explanation:

Nepal is India's second largest trading partner in the SAARC region, accounting for over 15% of India's total trade with SAARC countries.

What is the main import from SAARC countries to India?

  1. Petroleum products

  2. Machinery

  3. Textiles

  4. Agricultural products


Correct Option: D
Explanation:

Agricultural products are the main import from SAARC countries to India, accounting for over 30% of India's total imports from the region.

Which SAARC country has the highest trade deficit with India?

  1. Bangladesh

  2. Nepal

  3. Sri Lanka

  4. Pakistan


Correct Option: D
Explanation:

Pakistan has the highest trade deficit with India among SAARC countries, with imports from India far exceeding exports to India.

What is the total value of India's trade with SAARC countries?

  1. $10 billion

  2. $20 billion

  3. $30 billion

  4. $40 billion


Correct Option: C
Explanation:

The total value of India's trade with SAARC countries is estimated to be around $30 billion.

Which SAARC country has the lowest trade deficit with India?

  1. Bangladesh

  2. Nepal

  3. Sri Lanka

  4. Afghanistan


Correct Option: B
Explanation:

Nepal has the lowest trade deficit with India among SAARC countries, with exports to India almost matching imports from India.

What is the main mode of transportation for trade between India and SAARC countries?

  1. Road

  2. Rail

  3. Air

  4. Sea


Correct Option: A
Explanation:

Road is the main mode of transportation for trade between India and SAARC countries, accounting for over 60% of the total trade volume.

Which SAARC country has the highest trade surplus with India?

  1. Bangladesh

  2. Nepal

  3. Sri Lanka

  4. Bhutan


Correct Option: D
Explanation:

Bhutan has the highest trade surplus with India among SAARC countries, with exports to India far exceeding imports from India.

What is the main challenge facing trade between India and SAARC countries?

  1. Lack of infrastructure

  2. High tariffs

  3. Political instability

  4. Lack of market access


Correct Option: A
Explanation:

Lack of infrastructure, particularly in transportation and logistics, is the main challenge facing trade between India and SAARC countries.

Which SAARC country has the highest per capita trade with India?

  1. Bangladesh

  2. Nepal

  3. Sri Lanka

  4. Maldives


Correct Option: D
Explanation:

Maldives has the highest per capita trade with India among SAARC countries, due to its small population and high dependence on imports from India.

What is the main objective of the SAARC Trade Agreement?

  1. To promote trade among SAARC countries

  2. To reduce tariffs and other trade barriers

  3. To establish a common market

  4. To promote economic cooperation


Correct Option: A
Explanation:

The main objective of the SAARC Trade Agreement is to promote trade among SAARC countries by reducing tariffs and other trade barriers.

Which SAARC country has the lowest per capita trade with India?

  1. Bangladesh

  2. Nepal

  3. Sri Lanka

  4. Afghanistan


Correct Option: D
Explanation:

Afghanistan has the lowest per capita trade with India among SAARC countries, due to its landlocked location and political instability.

What is the future outlook for trade between India and SAARC countries?

  1. Positive

  2. Negative

  3. Uncertain

  4. Stagnant


Correct Option: A
Explanation:

The future outlook for trade between India and SAARC countries is positive, with the potential for further growth in trade volumes and economic cooperation.

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