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International Trade
State the geographical conditions necessary for the development of an ideal port.
Ports act as a commercial gateway for the hinterland. The following conditions favour the development of an ideal port:
1. Presence of protective harbor.
2. The deep water for natural harbor is required.
3. A sufficient space is required for docking facilities.
4. The hinterland should be well connected with the port by rail-road routes.
5. Favourable climate so that the port remains open throughout the year.
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In which of the following trade blocs is India an associate member?
What is the basic function of the World Trade Organisation?
Why is it deterimental for a nation to have negative balance of payments?
What benefits do nations get by forming trading blocs?
How are ports helpful for trade? Give a classification of ports on the basis of their location.
How do nations gain from international trade?
What are out ports? Define with examples.
Describe the nature of composition of internation trade.
Define barter system. Mention the difficulties with this system.
What is an international trade?
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