How do manufacturing industries contribute to trade and foreign exchange?

By producing local goods only

By reducing the need for exports

By expanding the export of manufactured goods

By relying solely on imports

Reviewed & Verified by Edzy Expert

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

Answer and Solution

C. By expanding the export of manufactured goods

Manufacturing industries expand trade by exporting a variety of finished goods, which brings in foreign exchange, enhancing the economy.

Watch Video Solution

Keep Practising

Students who asked this also explored

Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Which of the following is a characteristic of small-scale industries?

Which industry is primarily focused on consumer goods for direct use?

What economic benefit can be attributed to the establishment of industries in backward areas?

Which of the following statements best describes the relationship between agriculture and manufacturing?