Multiple choice question:

In recent years, India is earning large foreign exchange through the export of which of the following ?

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Ores and Minerals

Information technology

Agricultural products

Electrical goods

answer is B.

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Detailed Solution

India earns a lot of money in foreign exchange through exporting information technology.
For India, the transient nature of foreign trade in the recent fifteen years has been impressive. Information and knowledge exchange has exceeded the trade of goods and commodities. India has emerged as a competitive worldwide rival due to its superior software understanding and expertise in information technology. In India, information technology is divided into two components: Business process outsourcing and IT services.

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