Scribd
Upload
63 views

International Trade: Class-Xii Chapter-9 (Fundametaql of Human Geography) Question Bank

This document contains a question bank with multiple choice and short answer questions about international trade from a Class XII geography textbook chapter. It includes 13 one-mark questions testing definitions and concepts in international trade. It also contains 3 longer questions worth 3 marks each, requiring explanations of port classifications, characteristics of regional trade blocs, and the basis and functions of international trade including some negative aspects of the WTO.

Uploaded by

Pratyush Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
63 views

International Trade: Class-Xii Chapter-9 (Fundametaql of Human Geography) Question Bank

This document contains a question bank with multiple choice and short answer questions about international trade from a Class XII geography textbook chapter. It includes 13 one-mark questions testing definitions and concepts in international trade. It also contains 3 longer questions worth 3 marks each, requiring explanations of port classifications, characteristics of regional trade blocs, and the basis and functions of international trade including some negative aspects of the WTO.

Uploaded by

Pratyush Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

CLASS-XII

CHAPTER-9 (FUNDAMETAQL OF HUMAN GEOGRAPHY)


QUESTION BANK
INTERNATIONAL TRADE

Question number 1 to 13 carry 01 mark each.


1. How many parties are required to trade?
Ans. Two parties are required:-Seller Purchaser
2. What do you mean by international trade?
Ans. International trade is the exchange of goods and among countries across national
boundaries.
3. What do you mean by Barter system?
Ans. Exchange of goods and services without currency is known as barter system.
4. Explain the term Salarium.
Ans. The word salary comes from the Latin word Salarium which means payment by salt.
5. Why international trade exists?
Ans. International trade is type of specialization or division of labour. Each kind of specialization
can give rise to trade.
6. What is volume of trade?
Ans. It means the actual tonnage of goods traded usually measured by the total value and the
value of goods exchanged.
7. Explain composition of trade.
Ans. Composition of trade involves types of goods and services which are entering the world
trade.
8. What do you understand by the term balance of trade?
Ans. The difference between the value of export and import of a country is called the “Balance
of trade”.
9. What are the two types of international trades?
Ans. Two types:- Bilateral and Multi-lateral.
10. What do you mean by free trade?
Ans. The act of opening up economies for trading is known as free trade or liberalization.
11. What are regional trade blocs?
Ans. Regional trade blocs have come up in order to encourage trade between the countries with
geographical proximity.
12. When was the WTO formed?
Ans. The World Trade Organization was formed on 1St January 1995.
13. What do you understand by dumped goods?
Ans. The practice of selling a commodity in two different countries at a price that differs for
reasons not related to costs is called dumping.
From question number 14 to 17 are of 3 marks each.

14. What is a port? Give a classification of ports on the basis of their location.
Ans. Port is place on seacoast from where exports and imports take place. It is a gateway of
hinterland. Ports are classified according to the types of traffic which they handle.
1) Types of port according to cargo handled:-
industrial ports
commercial ports
comprehensive ports

2) Types of port on the basis of location:-


Inland ports
Out ports
3) Types of ports on the basis of specialized functions:
Oil ports
Ports of Call
Packet Station
Entrepot Ports
Naval port

15. Write the characteristics of Regional Trade Blocks of the world.


Ans. The main characteristics of the Regional Trade Blocks are mentioned below:-
To enhance and encourage the trade between countries with geographical proximity.

To encourage the complementarities in trading items.

Developed and promoted as the response to the failure of the global organizations.

To curb the restrictions on trade of the developing world.

Eliminated the trade traffic of their own member nations to promote free traded.

ASEAN, SAFTA, EU, OPEC, are some major Regional Trading Blocs.

16. State the basis of international trade.


Ans. Variation in the availability of natural resources.
Differences in the level of economic development.
Specialization in specific products.
Disparities in economic growth.
Development of means of transport.
Political relations.
Peace and war.

17. Explain the functions of WTO. Write some negative aspects about it.
Ans. The basic functions of WTO are as follows:-
To look after the promotion of free and fair trade in the world.
Deals with the global rule of trade between nations.
Sets rules for the glob al trading system and resolve disputes between its member countries.
Covers trade in services such as telecommunication and banking.

Negative impacts of WTO:-


free trade does not make ordinary people’s lives more prosperous but only results in the rich
people and countries becoming richer.
Issues of health, workers’ rights, child labour and environment are ignored.

You might also like