Sunday 27 December 2015

International Trade

MLL Questions:

1-What is hinterland?
2-What is the main objective of WTO?
3-Define Barter System?
4-When SAARC was formed and also name the member countries?
5-Define the term “international trade”.
6-What is slave trade?
7-What do you mean by balance of trade?
8-What are the components of International trade?
9-What do you mean by an Inland port?

VALUE-BASED Questions 

What had been the values of trade routes in India during the historic times ?

QUESTIONS-(03 marks each)

1-Describe the role of World Trade Organization (WTO) in international trade.
2-Why is it detrimental for a nation to have negative balance of payments?
3-Define trade balance and distinguish between positive balance of trade and negative balance of trade.

HOTS Questions:
1-How are ports helpful for trade? Give the classification of ports on the basis of their location?
2-How do the differences in natural resources and economic growth of different countries encourage international trade?
3-How is population a major factor for the purpose of international trade?
4-“Trade is the base of the world economy in the modern times.” Justify the statement with four arguments.
5-How do the differences in natural resources and economic growth of different countries encourage international trade?
7-Explain the statement “Ports are the chief gateways of the international trade.
8-What are ports? Describe the types of ports on the basis of specialised functions.
9-How does the composition of trade set the pattern of international trade in the world? Explain with examples.
10-Discuss the statement how international trade is beneficial to both exporting and importing countries? Give examples.
11“Trade is the base of the world economy in the modern times.” Justify the statement with three arguments.
12-Explain with example how stage of economic development and foreign investment become the bases of international trade.
13-How can globalization along with free trade adversely affect the economies of developing countries? Explain with example.

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