External Trade — Practice Quiz
Telangana Open School (TOSS) · Class 12 · Business Studies
Try a 4-question quiz on External Trade for Telangana Open School (TOSS) Class 12 Business Studies: tap an answer to check it and see why.
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Quick Quiz: External Trade
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What is another name for External Trade?
Which of the following is an example of import trade for India?
When a country sells goods to another country, it is called:
Which ministry in India handles external trade policies?
Sample Questions
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.
Invisible trade includes:
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Shipping and insurance services
Invisible trade involves services like shipping, insurance, and tourism, not physical goods.
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.
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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