Tag: trade

Quizzes (5) Questions (107)

Questions Related to trade

Multiple choice organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

Which of the following items is not exported by India?

  1. Readymade garments

  2. Wool

  3. Footwear

  4. Silk fabrics
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India is a major producer and exporter of textiles, garments, and footwear. Raw wool is generally imported by India to meet the requirements of its domestic woolen industry.

Multiple choice organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

India shares longest international boundary with which one of the following country?

  1. Bangladesh

  2. China

  3. Nepal

  4. Bhutan
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
Bangladesh
Bangladesh and India share a 4,096-kilometer (2,545-mile) long international border, the fifth-longest land border in the world. West Bengal with 2,217 km share longest border with Bangladesh. Other states include 262 km in Assam, 856 km in Tripura, 180 km in Mizoram, 443 km in Meghalaya, and 2,217 km in West Bengal.
Multiple choice organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

Trade carried on within the domestic territory of a country is known as______ trade.

  1. International

  2. External

  3. Multilateral

  4. Internal
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
When buying and selling of goods and services takes place within the geographical limits of a country it is known as internal trade. The main features of internal trade are:
1) the buying and selling of goods and services takes place within a country.
2) the payment are made and received in the home country only.
3) there are no or very few formalities to be completed by the traders.
Multiple choice organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

Which of the following is considered the economic barometer for a country?

  1. Local trade

  2. State level trade

  3. International trade

  4. Internal trade
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Advancement of international trade of a country is an index to its economic prosperity. It is, therefore, considered the economic barometer for a country.
Multiple choice organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

The pass of Himalayas most commonly used for trade in ancient times was _____.

  1. Zojilla pass

  2. Bomdila pass

  3. Khyber pass

  4. Nat hula pass
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Throughout history, it has been an important trade route between Central Asia and the Indian subcontinent and a vital strategic military choke point for various states that came to control it. 

 

Multiple choice organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

The exchange of ideas and commodities between India and the rest of the world since ancient times is due to the fact that _______.

  1. India has been a world leader since ancient times

  2. India enslaved other countries and forced them to adopt its ideas

  3. Other countries were afraid of India and hence adopted its ideas

  4. The passes between the mountains and the sea routes enabled trade and the spread of Indian ideas in the rest of the world
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The exchange of ideas and commodities between India and the rest of the world since ancient times is due to the fact that passes between the mountains and the sea routes enabled trade and the spread of Indian ideas in the rest of the world.