Barter system means:
Sale and purchase of goods in market place.
Sale and purchase of goods on credit base.
Direct exchange of goods and services.
None of the above.
C.
Direct exchange of goods and services.
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?
Name the five greatest trading nations.
Mention the three important aspects of international trade.
What is the balance of trade?
Describe trading blocs with examples.
Name the countries constituting OPEC.
What do you know about trade liberalisation ?
Mock Test Series
