Foreign Trade
Gujarat Board · Class 12 · Economics
Practice quiz for Foreign Trade — Gujarat Board Class 12 Economics. MCQs and questions with answers to test your preparation.
Interactive on Super Tutor
Studying Foreign Trade? Get the full interactive chapter.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for practice quiz and more.
1,000+ Class 12 students started this chapter today
Quick Quiz: Foreign Trade
0/4Tap an answer to check it instantly. No sign-up needed for these 4.
What is the activity of exchanging goods and services across geographical boundaries called?
In which currency are payments made in international trade?
What was India's share in global merchandise exports in 2014?
Balance of trade refers to:
Sample Questions
Which factors lead to international trade?
Show answer
Difference in factor endowments, Cost of production differences, Technological progress variations
International trade occurs due to differences in factor endowments, production costs, and technological capabilities between countries. Same climate conditions would reduce the need for trade.
Which regions have the highest share in India's merchandise imports in 2014-15?
Show answer
Asia (59%), Europe (16%)
Asia had the highest share at 59% followed by Europe at 16% in India's merchandise imports in 2014-15. Other regions had smaller shares.
Exchange rate is defined as:
Show answer
Price of foreign currency in domestic currency
Exchange rate is the price of a foreign currency expressed in terms of domestic currency - i.e., how many units of home currency are needed to buy one unit of foreign currency.
True or False: International trade has higher transport costs than domestic trade.
Show answer
True
International trade involves transporting goods across national borders over longer distances, resulting in higher transport costs compared to domestic trade within a country.
+40 more questions available
Practice AllFrequently Asked Questions
What are the important topics in Foreign Trade for Gujarat Board Class 12 Economics?
How to score full marks in Foreign Trade — Gujarat Board Class 12 Economics?
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Foreign Trade
Important Questions
Practice with board exam-style questions
Revision Notes
Key points for last-minute revision
Formula Sheet
All formulas in one place
Chapter Summary
Understand the chapter at a glance
Concept Maps
See how topics connect visually
Study Plan
Step-by-step plan to ace this chapter
Flashcards
Quick-fire cards for active recall
Syllabus
What topics to cover
NCERT Solutions
Every textbook question solved step by step
For serious students
Get the full Foreign Trade chapter — for free.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for Gujarat Board Class 12 Economics.