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International Trade
Distinguish between Barter trade and Monetary trade.
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Barter trade |
Monetary trade |
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1. It is the earliest form of local trade. 2. Barter system means the exchange of goods without the use of money. 3. It is limited in nature and has the difficulty of rate of exchange of goods. |
1. It is modern system of international trade. 2. Monetary system means the exchange of goods where one item is exchanged for the other. 3. It is used for trade of a number of commodities from different countries. |
Sponsor Area
Most of the world’s great ports are classified as:
Which one of the following continents has the maximum flow of global trade?
Which one of the following South American nation, is a part of OPEC?
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.
Sponsor Area
Sponsor Area