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 one of the following terms is used to describe trade between two or more countries?

  1. Internal trade

  2. External trade

  3. International trade

  4. Local trade
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP)

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

What locational advantage does India possess for International trade?

  1. Central location in the Eastern hemisphere

  2. Location in the middle of the developing countries

  3. Location at the sourthern end of Asia

  4. Location on the east-west oceanic route through the Suez Canal
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India's central position at the head of the Indian Ocean provides it with a strategic advantage for maritime trade, connecting the East and West via the Suez Canal route.

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

If the commodities manufactured in Surat and sold in Mumbai or Delhi, then it is ________.

  1. International trade

  2. Internal trade

  3. Free trade

  4. Territorial trade
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Trade occurring within the borders of a single country, such as between two cities in India, is classified as internal or domestic trade.

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

Which factors result in the exchange of goods?

  1. Geology

  2. Vegetation

  3. Soil

  4. All the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The exchange of goods is driven by regional differences in resources, which are influenced by geology, vegetation, and soil quality. These factors determine what a region can produce and what it must trade for.

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

These are primary products:
This question has multiple answers.

  1. Cereals

  2. Cotton

  3. Computers

  4. Fruits
Reveal answer Fill a bubble to check yourself
A,B,D Correct answer
Explanation

Primary products are the products which are used in raw form ,which are not manufactured. Hence cereal, cotton and fruits are in raw form i.e they are produced by earth.

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

Trade occurs because of ______ of goods in one place.

  1. Excess

  2. Surplus

  3. Large amount

  4. Less amount
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Trade occurs because of surplus of goods in one place. A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports.