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Worksheetstrade
Total questions: 10
Worksheet time: 3mins
The act of buying and selling is called
Barter system
Distribution
Trade
Buying and selling of goods within the boundaries is called
External trade
Internal Trade
Entreport
Purchase of goods in a bulk from manufacturer is called
Retail
Wholesale
Import
The trade between seller and buyer of different countries
Foreign trade
Import trade
Wholesale
Export and Import are the basic processes of _____________
World Trade Organisation
International Trade
National Trade
A country can export when the goods are
cheap
scarce
expensive
in excess
The __________________ between the import and export values of a country in a specific period is called balance of trade.
distance
difference
relation
Importing goods from one country and exporting it to the same country is called
Import trade
Export trade
Entreport
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.
A country is facing scarcity of oil. This country is likely to ___________?
Import
Export
