8.5 - Exercises
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Practice Questions
Test your understanding with targeted questions
What is the value of India's trade in 1950-51?
💡 Hint: Think of the early post-independence period.
Name one major export sector in India.
💡 Hint: Think about what India produces significantly.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does the term 'trade balance' refer to?
💡 Hint: Think of which is larger.
True or False: A negative trade balance indicates that a country exports more than it imports.
💡 Hint: Consider the definition of negative.
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Challenge Problems
Push your limits with advanced challenges
Given the changes in trade patterns, propose strategies for India to improve exports in agricultural goods by 20% over the next five years.
💡 Hint: Consider both internal and external strategies.
Evaluate the potential impact of global crises on India's import balance and suggest ways the government can mitigate negative effects.
💡 Hint: Look at both long-term and short-term strategy adjustments.
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Reference links
Supplementary resources to enhance your learning experience.