What is balance of trade? When does it become favourable or unfavourable?
The difference in the value between imports and exports is referred to as the balance of trade. If exports exceed imports the country is to have a favourable balance of trade. If imports exceed exports she has an unfavourable balance of trade.
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.
Describe the nature of composition of internation trade.
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