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Question
What is import trade?
Solution
Import trade means buying goods from a foreign country for domestic use. Example. India imports petroleum products from Gulf Countries.
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Choose the Correct Answer.
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The opening of Suez Canal served as a direct route for ships operating between ______.
______ is a term that describes the changing balance of output, trade, incomes, and employment drawn from different economic sectors.
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| 3 | It is a trade agreement between two countries | C | Devaluation of Rupee |
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______ is engaged in the export and import (external trade) of goods and services.
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| 1. Foreign Trade | (a) Export Processing Zone |
| 2. Adverse Balance of Trade | (b) Problem of India's Foreign Trade |
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| 4. Export Promotion | (d) Scarcity of Foreign Trade |
______ are recorded as negative (debit) items.
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Foreign embassies in India are a part of India's:
Assertion (A): Export of goods and services from India to the US would mean an outflow of foreign exchange from India.
Reason (R): Foreign exchange in terms of receipts for exports flows from the US to India.
