wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

India's port in Mumbai imports iron from the USA. Some of the iron is sent to Delhi, while the surplus is exported to Sweden.

Identify the factors that will affect the trade.

A
Quality of roads and highways from Mumbai to Delhi
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Value of Indian currency with respect to Sweden's currency
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Judicial system, and the laws of Maharashtra and Delhi
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Political relations between India and Sweden
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D Political relations between India and Sweden
The trade between Mumbai to Delhi is domestic, while the trade between India to Sweden is international. Factors like quality of transportation, population size, and availability of natural resources affect domestic trade. Factors like political relations, government policies, value of currency, judicial system, and the laws of India and Sweden affect international trade.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Question No. 10
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon