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प्रश्न

What is meant by trade barrier?

उत्तर

Trade barrier means a restriction on foreign trade and investment set by the government to protect its domestic industries from foreign competition. Tax on imports is an example of a trade barrier.

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Foreign Trade and Integration of Markets
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2014-2015 (March) All India Set 2

संबंधित प्रश्न

“Foreign trade integrates the markets in different countries”. Support the statement with arguments


"Advancement of international trade of a country is an index to its prosperity." Support the statement with suitable examples


Differentiate between investment and foreign investment.


Which one of the following has been the major source of foreign exchange for IT industry?

(A) Bharat Heavy Electricals Limited 

(B) Oil India Limited

(C) Steel Authority of India Limited

(D) Business Process Outsourcing


What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?


How has liberalisation of trade and investment policies helped the globalisation process?


Distinguish between investment and foreign investment.


Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.


Answer the following question.
How has foreign trade been integrating markets of different countries? Explain with examples.


Analyze the contribution of foreign investment in globalization.


Cheaper imports, inadequate investment in infrastructure lead to:


Which of the following was the main channel connecting distant countries was:


"Foreign trade has been the main channel of connecting countries for a long time." Analyse the statement.


Evaluate the impacts of opening foreign trade on the global economy by identifying the appropriate statements among the following options:

  1. The choice of goods in the markets increase.
  2. Producers from two countries closely compete against each other despite the distance between their locations.
  3. Foreign trade thus results in connecting the markets or integration of markets in different countries.
  4. The quality of the product is always good.

Which one of the following statements best describes the meaning of 'Globalisation'?


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