Question

Trade can be classified on which of the following basis?

• A. On the basis of the type of product
• B. On the basis of quantity
• C. On the basis of quality
• D. On the basis of region

Answer 1

Answer: (A), (B), (D)

On the basis of region

Trade can be classified as follows:
1. On the basis of the type of product, there is visible and invisible trade.
2. On the basis of quantity, there is retail and wholesale trade.
3. On the basis of region, there is domestic and international trade.