Self Studies
Self Studies
Self Studies
Self Studies

International Trade Test - 1

Result Self Studies

International Trade Test - 1
  • Score

    -

    out of -
  • Rank

    -

    out of -
TIME Taken - -
Self Studies

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Self Studies Self Studies
Weekly Quiz Competition
  • Question 1
    1 / -0.25

    International trade depends upon

    Solution

    International trade depends upon differences in natural resources, marketable surplus and transport and communication.

  • Question 2
    1 / -0.25

    WTO is the successor of:

    Solution

    It was formed on 1st Jan 1995.

  • Question 3
    1 / -0.25

    ……accounts for the highest share in the international trade.

    Solution

    Manufacturing is very important in the econmy.

  • Question 4
    1 / -0.25

    An important aspect of international trade depends on
    (Choose the incorrect answer)

    Solution

    Answer is Option D. variability of Trade.
    Note:
    Three important aspects of international trade are: 

    (i) Volume of trade: It means the actual tonnage of goods traded usually measured by the total volume and the value of goods exchanged. 

    (ii) Composition of trade: It includes the type of goods and services which enter the world trade.

    (iii) Direction of trade : The nature of international trade which has changed with the passage of time.

  • Question 5
    1 / -0.25

    Free trade means

    Solution

    The act of opening up economies for trading is known as free trade or trade liberalisation. It allows goods and services from everywhere to compete with domestic products and services.

  • Question 6
    1 / -0.25

    Name the largest exporter of jute

    Solution

    Bangladesh is 2nd  largest producer after India and largest exporter of jute in the world.

  • Question 7
    1 / -0.25

    GATT means:

    Solution

    It was formed in 1948.

  • Question 8
    1 / -0.25

    NAFTA was established in

    Solution

    NAFTA was established in 1994. NAFTA stands for North American Free Trade Agreement.

  • Question 9
    1 / -0.25

    Sea Ports are

    Solution

    The chief gateways of the world of international trade are the harbours and ports.

  • Question 10
    1 / -0.25

    SAARC stands for

    Solution

    The South Asian Association for Regional Cooperation (SAARC) is an economic and political organisation of eight countries in Southern Asia. It was established on December 8, 1985 by Bangladesh, Bhutan, Nepal, Maldives, Pakistan, Sri Lanka and India.

Self Studies
User
Question Analysis

  • Correct -

  • Wrong -

  • Skipped -

My Perfomance
  • Score

    -

    out of -
  • Rank

    -

    out of -
Re-Attempt Weekly Quiz Competition
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now