International Trade

Every January after the harvest season Jon Beel Mela takes place in: -

• Amazon basin, Brazil

• Tropical Africa, Ghana

• Andaman and Nicobar

• Jagiroad, Guwahati

Silk route connects: -

• Rome to Delhi

• Rome to France

• Rome to China

• Rome to Berlin

Slave trade was abolished in Denmark in: -

• 1792

• 1793

• 1794

• 1795

Slave trade was abolished in Great Britain in: -

• 1792

• 1807

• 1808

• 1809

Slave trade was abolished in Unites States in: -

• 1792

• 1807

• 1808

• 1809

Why Does International Trade Exist

• International trade is the result of specialisation in production

• International trade is the result of specialisation in production

• It should be mutually beneficial to the trading partners

• All of the above

Which of the following is not the basis of international trade

• Difference in national resources

• Stage of economic development

• Population factors

• Soil

Which of the following is not the basis of international trade

• Extent of foreign investment

• Transport

• Availability of water

• Stage of economic development

What is the full form of MFN

• Most Familiar Nation

• Many Favoured Nation

• Most Favoured Nation

• Multi Favoured Nation

What is the full form of GATT

• General Agreement for Trade and Tariffs

• General Agreement for Tariffs and Trade

• General Agreement for Traffic and Trade

• General Agreement for Tax and Trade