Chapter 8: International Trade
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India’s trade growth is due to:
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Trade links countries through:
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International trade is necessary because:
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Barter system means:
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Trade started with:
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India exports mainly:
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Trade diversification reduces:
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Liberalization refers to:
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Globalization leads to:
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Comparative advantage means:
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Trade improves economy by:
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High imports of petroleum cause:
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India generally has:
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Balance of payments includes:
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Trade deficit occurs when:
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Airports help in:
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Ports facilitate:
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Haldia port is located in:
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Mumbai port is:
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Vishakhapatnam is a:
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Hinterland means:
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Ports are important for:
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Air transport is used for:
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Sea routes are important because they are:
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Most of India’s trade is through:
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Globalization affects trade by:
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Trade direction refers to:
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Diversification of trade means:
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India trades with:
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India’s largest trading partner is:
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Imports include:
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Agricultural exports include:
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Gems and jewellery are:
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Major import item of India is:
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Which is a major export item of India?
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Petroleum is mainly:
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Engineering goods belong to:
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Major export sector of India is:
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India’s trade has increased due to:
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India’s share in world trade is about:
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Trade enhances transfer of:
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International trade improves:
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Trade allows countries to:
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One major benefit of international trade is:
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International trade helps in:
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Trade surplus occurs when:
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Balance of trade means:
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The main basis of international trade is:
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International trade refers to:
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Trade between two countries is called:
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