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Chapter 15 of 20
Practice Quiz

External Trade

Telangana Open School (TOSS) · Class 12 · Business Studies

Practice quiz for External Trade — Telangana Open School (TOSS) Class 12 Business Studies. MCQs and questions with answers to test your preparation.

45 questions30 flashcards5 concepts

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Quick Quiz: External Trade

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1

What is another name for External Trade?

2

Which of the following is an example of import trade for India?

3

When a country sells goods to another country, it is called:

4

Which ministry in India handles external trade policies?

45 Questions·
multiple choicemultiple correcttrue false

Sample Questions

1multiple choice
1 marks

Visible trade refers to the exchange of:

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Tangible goods

Visible trade involves physical goods that can be seen and touched, such as machinery, food, and clothing.

2multiple choice
1 marks

Invisible trade includes:

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Shipping and insurance services

Invisible trade involves services like shipping, insurance, and tourism, not physical goods.

3multiple choice
1 marks

Which of the following is a benefit of external trade?

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Improves standard of living

External trade allows countries to access better quality and diverse products, improving people's standard of living.

4multiple choice
1 marks

Entrepot trade means:

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Importing goods and re-exporting them

Entrepot trade involves importing goods and then exporting them to another country, sometimes with minor processing.

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Frequently Asked Questions

What are the important topics in External Trade for Telangana Open School (TOSS) Class 12 Business Studies?
External Trade covers several key topics that are frequently asked in Telangana Open School (TOSS) Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in External Trade — Telangana Open School (TOSS) Class 12 Business Studies?
Understand the core concepts first, then work through the 45 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

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

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Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for Telangana Open School (TOSS) Class 12 Business Studies.