Trade, Balance of Trade, India's Trade Relations

Q. International trade does not influence the value of the currency of a country.

1. False
2. True

Q. What is the difference between trade and International trade?

Q. Assertion: Advancement of international trade is considered the economic barometer for a country.

Reason: Advancement of international trade of a country is an index to its economic prosperity.

1. Assertion is true but reason is false.
2. Both assertion and reason are true but reason is not the correct explanation of assertion.
3. Both assertion and reason are true and reason is the correct explanation of assertion.
4. Both assertion and reason are false.

Q. The purchase or sale of goods across borders is called __________.

1. International trade
2. Internal trade
3. Interim trade
4. Domestic trade

Q. define foreign trade ?

Q. The purchase or sale of goods across borders is called .

1. internal trade
2. international trade
3. import trade

Q. Which among the following terms correctly describes the trade relations between the states of West Bengal and Maharashtra?

1. Technical trade
2. International trade
3. Domestic trade
4. Positional trade

Q. The phenomenon wherein a country's exports exceed its imports is called a negative balance of trade.

1. False
2. True