Why is trade a necessary activity in India?

India has a huge and diverse population.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

India does not have favourable geographical conditions to produce as per its needs.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rich people in India have more needs.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

All regions in India are self-sufficient.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B India does not have favourable geographical conditions to produce as per its needs.
Various factors impact the domestic trade within a country. As India has a huge and diverse population, its needs are also huge and diverse. To fulfill these needs, India has to engage in trade. India does not have the favourable geographical conditions to produce all goods in the required quantity.

Suggest Corrections

Similar questions

Why is it not necessary to give hepatitis A vaçine to kids in india?

In what ways does the Reserve Bank of India supervise the functioning of banks? Why is this necessary?

Join BYJU'S Learning Program