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Question
Choose the correct option:
The role of foreign trade is:
- To earn foreign exchange
- To encourage investment
- Lead to the division of labour
- Bring change in the composition of exports
Options
a and b
a, b and c
b and d
None of these
MCQ
Solution
a, b and c
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RELATED QUESTIONS
State with reason whether you agree or disagree with the following statement:
Foreign trade leads to division of labour and specialization at world level.
Explain the meaning of foreign trade.
Assertion and reasoning question:
- Assertion (A): International trade leads to the division of labour and specialization.
- Reasoning (R): India's national trade is not increasing.
