Trade — Practice Quiz
Maharashtra Board · Class 9 · Geography
Try a 4-question quiz on Trade for Maharashtra Board Class 9 Geography: tap an answer to check it and see why. 43 questions in the full chapter test.
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Quick Quiz: Trade
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What is the exchange of goods and services between buyers and sellers called?
In ancient times, goods were exchanged for other goods without using money. This system was called:
When traders buy goods in large quantities from producers and sell to retail traders, it is called:
Trade between different regions within the same country is called:
Sample Questions
Which of the following are examples of visible trade?
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Buying vegetables from a vendor, Purchasing books, Buying clothes
Visible trade involves exchange of physical goods like vegetables, books, and clothes. Invisible trade involves services like haircuts and medical advice.
When a country sells its excess goods to other countries, it is called:
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Export
Export occurs when a country produces excess goods or services and sells them to countries that have demand for those products.
Which of the following organizations have their headquarters in Europe?
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WTO (World Trade Organisation), EU (European Union), OPEC
WTO headquarters is in Geneva (Switzerland), EU in Brussels (Belgium), and OPEC in Vienna (Austria). SAARC is in Kathmandu (Nepal) and ASEAN in Jakarta (Indonesia).
When the value of imports is more than exports, it creates:
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Unfavourable balance of trade
When imports exceed exports, it creates an unfavourable or negative balance of trade, meaning the country is spending more on imports than earning from exports.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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