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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Mr. Vikram who runs a textile industry regularly procures cotton from Germany. Name the type of trade he is engaged in. - Commerce

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Question

Mr. Vikram who runs a textile industry regularly procures cotton from Germany. Name the type of trade he is engaged in.

Short Note

Solution

This is Import trade because Mr. Vikram procures (purchases) cotton from Germany Import means buying goods from a foreign country for domestic use.

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Features of Internal Trade
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Chapter 22: Types of Trade - Exercises [Page 221]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 22 Types of Trade
Exercises | Q II. 3. | Page 221
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