international trade

Trade between two countries is termed as

• Internal trade

• External trade

• International trade

• Local trade

Which one of the following is a land locked harbour

• Vishakhapatnam

• Mumbai

• Ennor

• Haldia

Most of India's foreign trade is carried through

• Land and sea

• Land and air

• Sea and air

• Sea

Which one of the following is India's largest trading patner (2010-11)

• U.A.E

• China

• Germany

• U.S.A

Which one is following is international trade;

• Trade between provinces

• Trade between regions

• Trade between countries

• Both b and c

Which is NOT an advantage of international trade;

• Export of surplus production

• Import of defence material

• Dependence on foreign countries

• Availability of cheap raw material

Trade between two countries can be useful if cost ratio of goods are;

• Equal

• Different

• Undetermined

• Decreasing

Modern theory of international trade is based on the views of ;

• Robbins and Ricardo

• Adam smith and Marshall

• Heckcsher and Ohlin

• Saleem and Kareem

Foreign trade creates among countries ;

• Conflict

• Coopereation

• Hatred

• Both a and b

Net export equal :

• Exports x Imports

• Exports + Imports

• Exports - Imports

• Exports of services only