Trade, Balance of Trade, India's Trade Relations
Trending Questions
Q. The phenomenon wherein a country's exports exceed its imports is called a negative balance of trade.
- False
- True
Q. The purchase or sale of goods across borders is called .
- internal trade
- international trade
- import trade
Q. The purchase or sale of goods across borders is called __________.
- International trade
- Internal trade
- Interim trade
- Domestic trade
Q. International trade does not influence the value of the currency of a country.
- False
- True
Q. This organisation is an intergovernmental grouping of ten Southeast Asian nations. It acts as a trade bloc to promote economic, political, and security cooperation among its member nations. Since its inception in 1967, this group has tried to play a central role in Asian economic integration and regional stability. However, its influence has gradually declined due to the expansionary Chinese regime and overlapping claims in the South-China Sea with several of this group's member states. Identify this trade bloc.
- Asia-Pacific Economic Cooperation (APEC)
- Association of South-East Asian Nations (ASEAN)
- Shanghai Cooperation Organisation (SCO)
- South Asian Association for Regional Cooperation (SAARC)
Q. Which among the following terms correctly describes the trade relations between the states of West Bengal and Maharashtra?
- Technical trade
- International trade
- Domestic trade
- Positional trade