When the state of Maharashtra conducts trade with the state of West Bengal, it is termed as

international trade

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domestic trade

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positional trade

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technical trade

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Solution

The correct option is B domestic trade
Purchase or sale of goods and services is generally termed as trade. Sale or purchase of goods and services within a country is called domestic trade.

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Similar questions

78) India’s internal trade in goods Seems robust as compared to internal trade consider the following

i) In India, smaller states tend to trade less

ii) The manufacturing states of Tamil Nadu, Maharashtra and Gujarat tend to have trade surpluses

which of the above is correct?

How does international trade differ from internal trade in terms of currency involved ?

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