International Trade
Class 12th Fundamentals Of Human Geography CBSE Solution
- Most of the world’s great ports are classified as: Choose the right answer from the four…
- Which one of the following continents has the maximum flow of global trade? Choose the…
- Which one of the following South American nations, is a part of OPEC? Choose the right…
- In which of the following trade blocs, is India an associate member? Choose the right…
- What is the basic function of the World Trade Organisation? Answer the following questions…
- Why is it detrimental for a nation to have a negative balance of payments? Answer the…
- What benefits do nations get by forming trading blocs? Answer the following questions in…
- How are ports helpful for trade? Give classification of ports on the basis of their…
- How do nations gain from International Trade? Answer the following questions in not more…
Exercises
Question 1.Choose the right answer from the four alternatives given below.
Most of the world’s great ports are classified as:
A. Naval Ports
B. Oil Ports
C. Comprehensive Ports
D. Industrial Ports
Answer:
They handle bulk cargos in a large volume.
Question 2.
Choose the right answer from the four alternatives given below.
Which one of the following continents has the maximum flow of global trade?
A. Asia
B. North America
C. Europe
D. Africa
Answer:
Europe has achieved a strong position by having good trade strategies
Question 3.
Choose the right answer from the four alternatives given below.
Which one of the following South American nations, is a part of OPEC?
A. Brazil
B. Chile
C. Venezuela
D. Peru
Answer:
Venezuela is in South America and it became a member of OPEC in 1960.
Question 4.
Choose the right answer from the four alternatives given below.
In which of the following trade blocs, is India an associate member?
A. SAFTA
B. OECD
C. ASEAN
D. OPEC
Answer:
India is a member of ASEAN in 1992.
Question 5.
Answer the following questions in about 30 words.
What is the basic function of the World Trade Organisation?
Answer:
The basic function of the World Trade Organisation is-
Question 6.
Answer the following questions in about 30 words.
Why is it detrimental for a nation to have a negative balance of payments?
Answer:
Question 7.
Answer the following questions in about 30 words.
What benefits do nations get by forming trading blocs?
Answer:
Following benefits do nations get by forming trading blocs-
Question 8.
Answer the following questions in not more than 150 words.
How are ports helpful for trade? Give classification of ports on the basis of their location.
Answer:
Ports are the chief gateway for international trade. They play an important role in trade.
• Cargoes and travellers move from one part to another part of the world through these ports.
• Ports provide facilities of docking, loading, and unloading of the cargo.
Types of the port on the basis of location-
Inland Ports-
a. These ports are located away from the sea coast.
b. They are linked to the sea through a river or a canal.
c. Flat bottom ships or barges can access these ports easily.
d. For ex. The Rhine has various ports like Mannheim, Duisburg.
Out Ports-
a. These are deep water ports built away from the actual ports.
b. These serve the parent ports by receiving those ships which are unable to approach them due to their large size.
c. Athens and its outport Piraeus in Greece.
Question 9.
Answer the following questions in not more than 150 words.
How do nations gain from International Trade?
Answer:
International trade is the exchange of goods and services among countries across national boundaries. Countries cannot produce themselves and for that, they need to trade. They can purchase at a lower price.
• International trade is the result of specialization in production.
• If different countries practice specialization and division of labor in the production of commodities then international trade benefits the world economy.
• Each kind of specialization can give rise to trade.
• Thus, international trade is based on the principle of comparative advantage, transferability of goods and services and in principle, should be mutually beneficial to the trading partners.