The purchase of goods from a Foreign Country is called _____.

(a)

Import

(b)

Export

(c)

Entrepot

(d)

Re-export

When goods are Imported for the purpose of Export it is called as _____.

(a)

Foreign Trade

(b)

Home Trade

(c)

Entrepot Trade

(d)

Trade

_____ acts as a connective link between the producer and the consumer.

(a)

Trade

(b)

Industry

(c)

Commerce

(d)

Business

The aim of home trade is _____

(a)

To raise the standard of living

(b)

To provide the essential goods and services economically

(c)

To raise the National Income

(d)

To obtain all types of goods

Internal trade can be classified into _____ categories.

(a)

Three

(b)

Four

(c)

Two

(d)

Five

Give the meaning of Trade?

When Vikram of India sells cotton shirts to Amal of England, what type of trade he is engaged in?

How do you classify Trade?

TVS is selling motor bikes in Europe. Under which type of trade can this be classified?

Where does Internal Trade takes place?

Give two examples of Entrepot trade.

What do you mean by Export Trade?

What do you mean by the term international trade? Explain its need.

Explain the merits and demerits of International Trade.

Mention the objectives of Import Trade Policy.

What are the features of Internal trade?

Explain the types of Internal Trade

Explain the merits of Foreign Trade.

Describe the demerits of Foreign Trade.