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.
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See sample questions for grade 12
Define 'World Trade' and explain its significance in the global economy.
Describe the concept of 'comparative advantage' in international trade.
Describe the term 'trade deficit' and its possible effects on a country's economy.
Discuss the role of multinational corporations (MNCs) in world trade.
Discuss the role of technology in facilitating world trade.
Explain how advancements in transportation have influenced world trade.
Explain the concept of 'globalization' in the context of world trade.
Explain the difference between 'balance of trade' and 'balance of payments'.
Which of the following is a major export item for India in world trade? (1) Crude oil, (2) Electronics, (3) Textiles, (4) Automobiles
Which of the following is a major importer of oil in the world? (1) Saudi Arabia, (2) United States, (3) Russia, (4) Venezuela
Which of the following is a major trading partner of India? (1) Brazil, (2) Australia, (3) United States, (4) South Africa
Which of the following is an example of a primary product commonly traded in world markets? (1) Automobiles, (2) Wheat, (3) Computers, (4) Pharmaceuticals
Fill in the blank: ________ is the term used for the illegal trade of goods across borders, often to avoid taxes or restrictions.
Fill in the blank: The ________ is a document required in international trade that certifies the origin of goods.
Fill in the blank: The ________ is a global financial institution that provides loans and advice to developing countries to promote international trade and economic development.
Fill in the blank: The ________ is a global organization that aims to promote international monetary cooperation and financial stability.
True or False: Free trade agreements always benefit all participating countries equally.
True or False: Invisible trade refers to the exchange of services rather than physical goods.
True or False: The export of services such as IT and tourism is an important part of India's world trade.
True or False: The General Agreement on Tariffs and Trade (GATT) was replaced by the World Trade Organization (WTO) in 1995.
