Nature and Scope of Foreign Trade — Important Questions
ICSE · Class 11 · Commerce
65 important questions from Nature and Scope of Foreign Trade for ICSE Class 11 Commerce, with answers. Part of the ICSE Class 11 Commerce syllabus.
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Important Questions from Nature and Scope of Foreign Trade
Which trade means a trader of one country sells goods to traders of other countries?
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Export trade
Export trade is when a trader of one country sells goods to traders of other countries.
Which type of foreign trade involves importing goods with a view to re-exporting them?
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Entrepot trade
Entrepot trade means importing goods and then re-exporting the same goods for profit.
Which example is correctly matched with import trade?
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Buying of oil by India from Kuwait
Buying of oil by India from Kuwait is given as an example of import trade.
Which example represents foreign or international trade?
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Trade between India and America
Trade between India and America is an example of foreign, international, or external trade.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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