World Trade
Geography ⇒ World Geography
World Trade starts at 10 and continues till grade 12.
QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in World Trade.
How you perform is determined by your score and the time you take.
When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.
See sample questions for grade 10
Describe the impact of globalization on world trade.
Describe the term 'trade deficit'.
Describe the term 'trade surplus'.
Explain the concept of 'comparative advantage' in world trade.
Explain the difference between 'import' and 'export'.
Explain the impact of trade barriers on world trade.
Explain the role of transportation in world trade.
Explain the term 'free trade'.
Which continent has the highest share in world trade? (1) Asia (2) Europe (3) Africa (4) South America
Which country is the largest exporter of goods in the world? (1) United States (2) China (3) Germany (4) Japan
Which of the following is a barrier to international trade? (1) Tariffs (2) Free trade agreements (3) Improved transport (4) Globalization
Which of the following is a major export of Brazil? (1) Coffee (2) Oil (3) Automobiles (4) Electronics
Fill in the blank: ________ is the term used for the illegal trade of goods across borders.
Fill in the blank: The ________ is a document issued by a shipping company acknowledging the receipt of goods for shipment.
Fill in the blank: The ________ is a document required for the export of goods, certifying the origin of the goods.
Fill in the blank: The ________ is a group of countries that have agreed to eliminate tariffs and other barriers to trade among themselves.
State whether the following statement is True or False: 'All countries benefit equally from world trade.'
True or False: Balance of trade is the difference between the value of a country's exports and imports.
True or False: Dumping refers to selling goods in a foreign market at a price lower than their cost of production.
True or False: Quotas are limits set by governments on the quantity of goods that can be imported or exported.
