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Nature and Scope of Foreign Trade — Practice Quiz

ICSE · Class 11 · Commerce

Try a 4-question quiz on Nature and Scope of Foreign Trade for ICSE Class 11 Commerce: tap an answer to check it and see why.

65 questions36 flashcards5 concepts

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Quick Quiz: Nature and Scope of Foreign Trade

0/4

Tap an answer to check it instantly. No sign-up needed for these 4.

1

Which statement best defines foreign trade?

2

Which term is another name for foreign trade?

3

How many types of foreign trade are there?

4

Which trade means a trader of one country purchases goods from traders of other countries?

65 Questions·
multiple choicemultiple correct

Sample Questions

1multiple choice
1 marks

Which trade means a trader of one country sells goods to traders of other countries?

Show answer

Export trade

Export trade is when a trader of one country sells goods to traders of other countries.

2multiple choice
1 marks

Which type of foreign trade involves importing goods with a view to re-exporting them?

Show answer

Entrepot trade

Entrepot trade means importing goods and then re-exporting the same goods for profit.

3multiple choice
1 marks

Which example is correctly matched with import trade?

Show answer

Buying of oil by India from Kuwait

Buying of oil by India from Kuwait is given as an example of import trade.

4multiple choice
1 marks

Which example represents foreign or international trade?

Show answer

Trade between India and America

Trade between India and America is an example of foreign, international, or external trade.

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Frequently Asked Questions

What are the important topics in Nature and Scope of Foreign Trade for ICSE Class 11 Commerce?
Key topics in Nature and Scope of Foreign Trade include Meaning and Definitions, Types of Foreign Trade, Characteristics of Foreign Trade, Difference Between Home Trade and Foreign Trade. Study these first, then practise questions on each for Class 11 exams.
How many practice questions are there for Nature and Scope of Foreign Trade?
There are 65 questions on Nature and Scope of Foreign Trade. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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