Practice Gateways Of International Trade (8.3) - International Trade - CBSE 12 Geography

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8 questions

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4 cards from this section. Quick, good the night before a test.
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6 questions · about 4 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is international trade?
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Think about how countries source products they can't produce.
Question 2.
What was the barter system?
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Consider what people used before money.
3Question 3.
What is the main principle of international trade?
- A) Local exchange
- B) National trades only
- C) International exchange of goods
- D) Only selling goods
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Think about the scope of international on a global scale.
4Question 4.
True or False: The World Trade Organisation was established to limit trade.
- True
- False
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Consider its role in encouraging trade liberalization.
Question 5.
Discuss how changing trade tariffs can affect the balance of trade for a developing country.
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Consider both local producers and foreign competitors.
Question 6.
Evaluate the impact of globalization on local economies in developing countries in terms of international trade.
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Think about both positive and negative consequences.

4 more questions in this section. Enroll free to practise them all.