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WorksheetsTrade
Total questions: 10
Worksheet time: 7mins
Export and Import are the basic processes of _____________
World Trade Organisation
International Trade
National Trade
A country is facing scarcity of oil. This country is likely to ___________?
Import
Export
A country can export when the goods are
cheap
scarce
expensive
in excess
What does this picture indicate?
Unfavorable Trade
Favorable Trade
Balanced Trade
The __________________ between the import and export values of a country in a specific period is called balance of trade.
distance
difference
relation
The headquarters of the World Trade Centre is in _________
Geneva
Vienna
Singapore
China
What is trade?
Mark the correct statement -
In ancient times, trade was taken place through the barter system.
In modern times, trade is taken place through the barter system.
In today's times, trade is taken place through the barter system.
WTO has its headquarters at (a)
When a country buys those goods and services which are scarce in their own country from another country, it is known as
Import
Export
International Trade
Balance of Trade
