Core5 mapped NDA questions
Build the idea
Build exam-ready understanding by connecting the core idea, formulas or facts, worked example and previous NDA questions. Focus on why each rule works, then test it under timed conditions.
Concept
International trade involves importing goods a country needs and exporting its surplus. India's trade pattern reflects its resources and industries.
Crude oil dominates India's import bill.
Key Points & Formulas
- Major imports: crude petroleum, gold, electronic goods, machinery.
- Major exports: refined petroleum products, gems & jewellery, textiles, software services.
- A trade deficit occurs when imports exceed exports.
- Ports handle the bulk of foreign trade by volume.
Worked Example
Q. What is meant by a trade deficit?
Compare the value of imports and exports.
When imports exceed exports, the difference is a trade deficit.
India typically runs a trade deficit, largely due to crude-oil imports.