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Consider the following statements:
1. International trade is the exchange of goods and services among countries across national boundaries.
2. The initial form of trade in primitive societies was the barter system.
Which of the above mentioned statements is/ are correct?
Consider the following statements about Jon Beel Mela:
1. It is organized every year in January after the harvest season in Assam.
2. It is possibly the only fair in India, where barter system is still alive.
Which of the above mentioned statements is/ are correct?
Consider the following:
1. Flintstones
2. Obsidian
3. Tiger\’s paws
4. Whale’s teeth
5. Dogs teeth
Which of the above items were of high intrinsic value before introduction of money?
Consider the following statements:
1. The word ‘ salary ’ comes from the Latin word Salarium which means ‘ payment by salt ’.
2. Salt was a mode of payment in ancient times.
Which of the above mentioned statements is/ are correct?
Consider the following statements about Silk Route:
1. It is an early example of long distance trade connecting Rome to China.
2. India, Persia and Central Asia were intermediate points in this route.
3. Chinese silk, Roman wool and precious metals were main items of trade.
Which of the above mentioned statements is/ are correct?
Consider the following statements:
1. After the disintegration of the Roman Empire, American commerce grew during twelfth and thirteenth century.
2. Fifteenth century onwards, the European colonialism began and slave trade emerged.
Which of the above mentioned statements is/ are correct?
Consider the following statements about slave trade:
1. The African natives were captured by Europeans mostly for their labour in the plantations.
2. It began from fifteenth century onwards after the spread European colonialism.
Which of the above mentioned statements is/ are correct?
Consider the following :
1. United States
2. Great Britain
3. Denmark
Arrange above mentioned countries in correct order of their abolishing slave trade?
Consider the following statements about international trade:
1. It is the result of specialization in production.
2. It benefits the world economy, if different countries practise specialisation and division of labour in the production of commodities or provision of services.
Which of the above mentioned statements is/ are correct?
Consider the following:
1. Comparative advantage
2. Complimentarity and transferability of goods and services
3. Mutually beneficial
Which of the above is/are the principles of international trade?
Consider the following:
1. Geology
2. Relief soil
3. Climate
Which of the above factors is/are responsible for uneven distribution of national resources?
Consider the following statements:
1. The topographical differences ensure diversity of crops and animals raised.
2. The availability of mineral resources provides the basis for industrial development.
3. Climate influences the type of flora and fauna that can survive In a given region.
4. Wool production can take place in tropical regions.
Which of the above mentioned statements its/ are correct?
Consider the following statements:
1. Size
2. Distribution
3. Diversity
Which of the above population factors affect the type and volume of goods traded?
Consider the following :
Famous articles : Country
1. Porcelains and brocades: China
2. Carpets: Iran
3. Batik cloth: Istanbul
4. Leather work: North America
Which of the above are matched correctly?
Consider the following statements:
1. Densely populated countries have large volume of external trade.
2. Standard of living of the population determines the demand for better quality imported products.
Which of the above mentioned statements is/ are correct?
Consider the following statements:
1. Foreign investment can boost trade in developing countries.
2. The development of capital intensive industries in developing countries can enhance global trade.
Which of the above mentioned statements is/ are correct?
Consider the following:
1. Transport
2. Volume
3. Sectoral composition
4. Direction of trade
Which of the above is/are the major aspects of international trade?
Consider the following statements:
1. The actual tonnage of goods traded makes up the volume.
2. The services traded are measured in tonnage.
Which of the above mentioned statements is/ are correct?
Consider the following statements:
1. The nature of goods and services imported and exported have undergone changes.
2. Europe\’s contribution in the merchandise trade is declining while the contribution of Asian countries is growing.
Which of the above mentioned statements is/ are correct in relation to the change witnessed in the last century?
Consider the following statements about balance of trade:
1. It records the volume of goods and services imported as well as exported by a country to other countries.
2. If the value of imports is more than the value of a country’s exports, the country has negative balance of trade.
3. A positive balance would mean that the country spends more on buying goods than it can earn by selling its goods.
Which of the above mentioned statements is/ are correct?
Consider the following statements:
1. Bilateral trade is done by two countries with each other.
2. “ Most Favoured Nation ” (MFN) are given in multi-lateral trade.
Which of the above mentioned statements is/ are correct?
Consider the following statements:
1. Trade liberalization is done by bringing down trade barriers like tariffs.
2. It allows competition between foreign and domestic products and services.
Which of the above mentioned statements is/ are correct?
Consider the following statements:
1. General Agreement for Tariffs and Trade (GATT) was formed in 1994.
2. It was transformed into the World Trade Organisation from 1st January 1995.
Which of the above mentioned statements is/ are correct?
Consider the following statements about World Trade Organisation:
1. It fs the only international organisation dealing with the global rules of trade between nations.
2. Its Headquarters are located in Vienna, Austria.
3. India has been one of the founder member of WTO.
Which of the above mentioned statements is/ are correct?
Consider the following statements about Regional Trade Blocs:
1. They encourage trade between countries with geographical proximity, similarity and complementarities in trading items.
2. They enhance restrictions on trade of the developing world.
Which of the above mentioned statements is/ are correct?
Consider the following statements:
Regional Bloc: Year of starting
1. ASEAN (Association of South East Asian Nations): 1967
2. LAIA (Latin American Integration Association): 1949
3. NAFTA (North American Free Trade Association): 1994
4. SAFTA (South Asian Free Trade Agreement): 2006
Which of the above is/are matched correctly?
India is a member nation of
Consider the following:
1. Regional specialization
2. Higher level of production
3. Better standard of living
4. Equalisation of prices
5. Diffusion of knowledge
Which of the above is/are the advantages of undertaking international trade?
Consider the following:
1. Uneven levels of development
2. Exploitation
3. Diffusion of culture
4. Equalisation of wages
Which of the above is/are the detrimental effects of undertaking international trade?
Consider the following statements:
1. The ports provide facilities of docking, loading, unloading and the storage facilities for cargo.
2. The quantity of cargo handled by a port is an indicator of the level of development of its hinterland.
3. San Francisco is the largest land-locked harbour in the world.
Which of the above mentioned statements is/ are correct?
Consider the following:
1. Entrepot Ports
2. Industrial Ports
3. Commercial Ports
4. Comprehensive Ports
Which of the above ports is/are classified according to cargo handled by them?
Consider the following statements:
1. Out Ports are located away from the sea coast.
2. Inland Ports are deep water ports built away from the actual ports.
3. Piraeus in Greece is an outport of Athens.
4. Kolkata is located on the river Hoogli, a branch of the river Damodar.
Which of the above mentioned statements is/ are correct?
Consider the following statements:
1. Oil Ports
2. Entrepot Ports
3. Packet Stations
4. Ports of Call
Which of the above ports is/are classified on the basis of specialized functions?
Consider the following statements:
1. Ports of Call are also known as ferry ports.
2. The packet stations are exclusively concerned with the transportation of passengers and mail across water bodies covering short distances.
3. Esskhira in Tunisia is a Packet Station.
Which of the above mentioned statements is/ are correct?
Consider the following:
Ports : Country
1. Maracaibo: Venezuela
2. Esskhira: Lebanon
3. Tripoli : Tunisia
Which of the above are matched correctly?
Consider the following statements:
1. Ports of Call were originally developed as calling points on main sea routes.
2. Later on, they developed into commercial ports.
3. Kochi and Karwar are examples of such ports in India.
Which of the above mentioned statements is/ are correct?
Consider the following statements:
1. Entrepot Ports are collection centres where the goods are brought from different countries for export.
2. Singapore is an entrepot for Asia, Rotterdam for the Baltic region and Copenhagen for Europe.
3. Naval Ports are ports which have only strategic importance.
Which of the above mentioned statements is/ are correct?