Practice Balance Of Trade (8.2.2) - International Trade - CBSE 12 Geography

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10 questions

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6 sample questions

Question 1.
What does a positive balance of trade indicate?
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Think about surplus.
Question 2.
What is dumping?
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Consider competition.
3Question 3.
What does it mean when a country has a negative balance of trade?
- A surplus of goods
- More exports than imports
- More imports than exports
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Think about what impacts financial reserves.
4Question 4.
True or False: The WTO helps in regulating trade among member nations.
- True
- False
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Consider organizations that oversee trade rules.
Question 5.
Evaluate the long-term economic effects of consistent negative balances of trade for a developing country.
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Consider the implications of financial shortages.
Question 6.
Propose a detailed strategy for a country to improve its trade balance sustainably.
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Think about developing internal capabilities.

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