Services traded between economies could include transport, construction services, insurance and financial services etc.

True

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False

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Solution

The correct option is A True
Trade in Services refers to the sale and delivery of an intangible product, called a service, between a producer and consumer. Trade in services that takes place between a producer and consumer that are, in legal terms, based in different countries is called International Trade in Services.

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Similar questions

Q. Trade, transport, communication, banking, education, health, tourism, services, insurance are included in the ______.

Q. Sector which includes trade, transport, banking, communication and services is known as ___________.

Q. Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under micro-finance is/are:
1. Credit facilities
2. Savings facilities
3. Insurance facilities
4. Fund Transfer facilities

Select the correct answer using the codes given below the lists:

Q. Micro-finance is the provision of financial services to the people of low income groups. This includes both consumer and the self-employed. The service/ services rendered under micro-finance is/are:

1.

Credit facilities

2.

Saving facilities

3.

Insurance facilities

4.

Fund transfer facilities
Which of the statements give above is/are correct?

Services like international travel and tourism, transportation, banking, storage and warehousing, and advertising come under the umbrella of international trade in services.

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