Edzy
Single Answer MCQ
Q-00044293

What is one benefit of exporting manufactured goods?

1

Decreasing foreign exchange

2

Expanding domestic markets

3

Bringing in foreign exchange

4

Limiting industrial growth

Reviewed & Verified by Edzy Expert

Sandeep Chaturvedi

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.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

C. Bringing in foreign exchange

Solution:

The correct answer is 'Bringing in foreign exchange'. Exporting manufactured goods expands trade and brings in much-needed foreign currency.

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.

Q1

Which statement correctly identifies an agro-based industry?

Single Answer MCQ
View explanation
Q2

Which factor is essential for the localization of the cotton textile industry in India?

Single Answer MCQ
View explanation
Q3

What is the maximum investment allowed to be categorized as a small-scale industry in India?

Single Answer MCQ
View explanation
Q4

Which of the following is NOT a characteristic of the public sector industries?

Single Answer MCQ
View explanation