Description : What is the basic function of foreign trade ? -SST 10th
Last Answer : Foreign Trade helps in creating opportunities for the producers of a country to reach beyond the domestic market (market of their own country) and compete in markets located in other countries.
Description : What are the basic functions of foreign trade? -SST 10th
Last Answer : . Foreign trade creates an opportunity for the produces to reach beyond the domestic markets. . Producers can sell their produce not only in markets located within the country but can also compete ... another country is one way of expanding the choice of goods beyond what is domestically produced.
Description : Which of the following is not a basic objective of documentation in foreign trade? A. to assure that the exporter will receive the payment B. to assure that the importer will receive the goods C. to eliminate risk of noncompletion D. to reduce foreign exchange risk E. none of the above
Last Answer : E. none of the above
Description : Which of these is not the function of World Bank? (a) To arbitrate on international trade disputes. (b) To help the member countries in the reconstruction and development of their countries. ... and credit by guaranteeing repayment. (d) To promote long term balanced growth of international trade.
Last Answer : (a) To arbitrate on international trade disputes.
Description : Why are trade barriers imposed on the foreign trade and investment in a country? -SST 10th
Last Answer : Trade barriers are used by the governments - . To increase, decrease or regulate foreign trade. . To decide what kinds of goods and how much of each, should come into the country. . To protect the producers within the country from foreign competition.
Description : How does foreign trade integrate that markets of different countries? -SST 10th
Last Answer : Integration of Foreign markets: . Producers reach beyond the domestic market. . Producers compete with markets located in other countries of the world . There is expansion of choice of goods beyond the domestic market. . Produces in the two countries closely compete against each other.
Description : Why had the Indian government put barriers to foreign trade and foreign investments after independence? -SST 10th
Last Answer : Indian government has put barriers to foreign trade and foreign investments after independence because: . It wanted to protect the producer within the country from foreign competition. . As the ... . . Indian allowed imports of only essential items such as machinery fertilizers, petroleum, etc.
Description : ‘Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.’ -SST 10th
Last Answer : Removal of barriers on foreign trade and foreign investment: . Barriers on foreign trade and foreign investment were partially removed. . Goods could be improved and exported easily. . Foreign ... and offices here. . Opportunities for Indian producers to compete with producers around the globe.
Description : What are the effects of foreign trade? -SST 10th
Last Answer : Effects of foreign trade are as follows: 1.Chinese have started exporting Chinese plastic toys to India. 2.Buyers in India now have the option of choosing between Indian and Chinese toys. 3.Because of ... prove better. With the result, Indian toy-makers face losses, as their toys are selling less.
Description : What do you mean by liberalisation of foreign trade? -SST 10th
Last Answer : . Removing barriers or restrictions set by the government is known as liberalisation. . With the liberalisation of trade, businesses are allowed to make decisions freely about what they wish to ... . The government imposes lesser restrictions than before and is therefore, said to be more liberal.
Description : Why had the Indian government put barriers to foreign trade and foreign investments after independence ? -SST 10th
Last Answer : 1. The Indian economy was instable and weak after the British left India, and it was important to allow the economy to develop and flourish itself in order to cope up with the high ... from producers and companies abroad were certainly not suitable to India's situation at the time of independence.
Description : Barriers to foreign trade and foreign investment were removed to a large extent in India since 1991'. Justify the statement. -SST 10th
Last Answer : 1. The government decided to remove the barriers on foreign trade and foreign investment around 1991 as it was realized that the time had come for Indian producers to compete with producers around ... as they would have to improve their quality of service in comparison to the foreign competition.
Description : Foreign trade integrates the markets in different countries.' Support the statement with arguments. -SST 10th
Last Answer : Foreign trade integrates markets in different countries: 1. After the trade, goods travel between countries and goes beyond the domestic market. 2. The choices of good increases for the people ... who produce similar goods start to compete even though there is a huge distance between them.
Description : Why had the Indian Government put barriers to foreign trade and foreign investment after independence ? State any one reason. -SST 10th
Last Answer : Indian Government put barriers after independence because they wanted to avoid foreign competition for the domestic producers.
Description : Which organization lays stress on liberalization of foreign trade and foreign investment ? -SST 10th
Last Answer : The World Trade Organisation (WTO) lays stress on liberalization of foreign trade and foreign investment.
Description : Why had Indian government put barriers to foreign trade and foreign investment after independence ? Explain. -SST 10th
Last Answer : 1. The Indian government after independence had put barriers to foreign trade and investment in order to protect the domestic producers of goods and services from the foreign competition. 2 ... by the government for only certain essential items such as machinery, fertilizers, petroleum etc.
Description : Name an important barrier on foreign trade. -SST 10th
Last Answer : An important barrier to foreign trade is a tax on imports.
Description : How has foreign trade been integrating markets of different countries in the world ? Explain with examples. -SST 10th
Last Answer : 1. Foreign trade creates an opportunity for the producers to reach beyond the domestic markets, i.e., markets of their own countries. 2. The competition is thus not just within the county, but also ... and lights in India, which led to a lowering of prices of these products in both the countries.
Description : Which one of the following organizations lays stress on liberalization of foreign trade and foreign investment ? -SST 10th
Last Answer : (WTO) World Trade Organization
Description : In which year did the government decide to remove barriers on foreign trade and investment in India ? -SST 10th
Last Answer : The government decided to remove barriers on foreign trade and investment and introduce a new series of economic reforms in India in the year 1991.
Description : what were the reasons for putting barriers to foreign trade and foreign investment by the Indian government ? -SST 10th
Last Answer : Government of India initiated slew of measures to put barrier on foreign trade and investment owing to following reasons: To safeguard the domestic producers from foreign competition. Ideological ... early 1990s, wherein India didn't have adequate foreign reserve to pay for the imports.
Description : How does foreign trade lead to integration of markets across the countries? -SST 10th
Last Answer : Foreign trade is the main channel which connects the markets of various countries. Foreign trade lead to integration of markets across the countries as follows : (a) Creates opportunities for ... ) Producers of different countries compete with each other although they are thousands of miles away.
Description : Why did India put barriers on foreign trade and investment after independence? -SST 10th
Last Answer : Soon after independence India put barriers on foreign trade and independent to create a large industrial base which helped in increasing the industrial production. Policies were changed in 1991 ... (b) Reduce the problems like unemployment, poverty, inflation etc. and support industrialisation.
Description : What is the meaning of liberlization of foreign trade ? -SST 10th
Last Answer : Liberalisation of foreign trade means removing barriers or restrictions put by the government on the import and export of goods. Indian government had put barriers to foreign trade and ... put in competition with international products. (b) To enhance industrialisation and foreign exchange.
Description : How could you distinguish between ‘foreign trade’ and ‘foreign investment’ ? -SST 10th
Last Answer : Foreign trade is integration of markets in different countries. For example, export and import of goods and services from one country to another. But foreign investments are investments made by ... globe also creates better job opportunities and better income. So MNCs promote foreign trade also.
Description : Why had the Indian Government put barrier to foreign trade and foreign investment after independence? State any one reason. -SST 10th
Last Answer : The Indian government, after Independence, had put barriers to foreign trade and foreign investment because this was considered necessary to protect the producers within the country from foreign competition.
Description : The Indian government removed barriers on foreign trade and foreign investment to a large extent. What does this mean? -SST 10th
Last Answer : This means that goods could be imported and exported easily and also foreign companies could set up factories and offices here.
Description : What are the benefits of foreign trade? -SST 10th
Last Answer : Benefits of foreign trade are: (i) With the opening of trade, goods travel from one market to another. (ii) Choice of goods in markets rises. (iii) Prices of similar goods in two ... in the two countries now closely compete against each other even though they are separated by thousands of miles.
Description : Differentiate between foreign trade and foreign investment. -SST 10th
Last Answer : Differentiation between foreign trade and foreign investment are:
Description : Explain with examples how the opening up of foreign trade results in connecting the markets in different countries. -SST 10th
Last Answer : Foreign trade provides opportunities for both producers and buyers to reach beyond the markets of their own countries. Goods travel from one country to another. Competition among producers of various ... and Chinese decoratiVe lights and bulbs. So, this provides an opportunity to expand business.
Description : How was foreign trade from India conducted before the age of machine industries? Explain. -SST 10th
Last Answer : (i) Before the age of machine industries, silk and cotton goods from India dominated the international market in textiles. Coarser cotton was produced in many countries, but the finer ... Masulipatnam on the Coromandel Coast and Hooghly in Bengal had trade links with Southeast Asian ports.
Description : Why had the Indian Government put barrier to foreign trade and foreign investment after independence ? -SST 10th
Last Answer : The protect the producers within the country from foreign competition.
Description : In which year, the government started to remove barriers on foreign trade and foreign investment. -SST 10th
Last Answer : In 1991 ,the government started to remove barriers on foreign trade and foreign investment.
Description : Name the organization which lay emphasis on liberalisation of foreign trade and foreign investment in India. -SST 10th
Last Answer : World Trade Organization (WTO).
Description : How does foreign trade integrate the markets of different countries? -SST 10th
Last Answer : (i) Through trade, goods can travel from one market to another. (ii) Choice of goods in the markets rises and prices become equal. (iii) Producers compete closely with each other
Description : “Foreign trade is an important component of globalization”. -SST 10th
Last Answer : (i) Foreign trade implies exchange of goods and services across the countries. (ii) It helps to expand the size of market for producers. (iii) Producers and consumers can get commodities produced in any part of the world. (iv) It works to integrate markets in different countries.
Description : Differentiate between Foreign Trade and Foreign Investment. -SST 10th
Last Answer : Foreign Trade: The process of buying and selling goods and services between two or more than two countries is known as Foreign Trade. Foreign Investment: Foreign investment involves capital flows from one country to another, granting extensive ownership stakes in domestic companies and assets.
Description : ‘‘Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.’’ -SST 10th
Last Answer : Removal of barriers on foreign trade and foreign investment: (i) Barriers on foreign trade and foreign investment were partially removed. (ii) Goods could be imported and exported easily. ( ... and offices here. (iv) Indian producers got opportunities to compete with producers around the globe.
Description : Why had the Indian government put barriers to foreign trade and foreign investment after independence? -SST 10th
Last Answer : Reasons for putting trade barriers to foreign trade and investment by the Indian government after Independence are: (i) To protect local producers and goods from foreign competition. (ii) Industries ... of products. (ii) To attract foreign investments. (iii) To place orders for production.
Description : 8. How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here. -Economics 10th
Last Answer : Foreign trade has led to the integration of markets across the countries. Because of foreign trade, the producers are now able to compete and export their goods to the markets of other countries. ... not flooded with goods made in India but goods from all across the world at an affordable price.
Description : 2. What was the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers? -Economics 10th
Last Answer : The main reason for putting barriers to foreign trade and foreign investment by the Indian government was to protect the interest earned by producers and small industrialists of our country from ... and removing these barriers would increase trade and quality of products produced in the country.
Description : According to United Nations Conference on Trade and Development (UNCTAD) report, what is the position of India in Asia among the largest recipients of Foreign Direct Investment (FDI)? A) 12th B) 10th C) 4th D) 9th E) 6th
Last Answer : C) 4th Explanation: Switzerland based United Nations Conference on Trade and Development (UNCTAD) released the World Investment Report stated that India is the fourth largest recipient of Foreign Direct ... involvement of India in Foreign Direct Investment is likely to reach USD 60 billion in 2016
Description : What's a good place in the USA to trade foreign currency at the face exchange rate?
Last Answer : You’ll probably do best at your own bank if they do exchanges.
Description : Which industry earns the second highest net foreign exchange from the trade? -Do You Know?
Last Answer : answer:
Description : Why do you think the Phoenicians looked to foreign lands and sea trade to develop their wealth?
Last Answer : With limited land in the Levsnt and a fast-growing population,the had to choose between conquering other lands or trade. Theychose trade.
Description : Who thought the country needed a strong central government to manage trade foreign affairs and national defence?
Last Answer : Feel Free to Answer
Description : What statement best represents the general attitude of the framers about the role of the federal government in foreign trade?
Description : Which one of the following statements is correct? [NDA 2003] (a) India ranks 9th in the world's shipping tonnage (b) Mumbai port handles half of the country's foreign trade (c) Kandla and Kolkata are tidal ports (d) India has 14 major ports and 129 minor ports
Last Answer : Ans: (b)
Description : The most important feature in the economic measures pursued by Alauddin Khilji was: A. Minting of new coins B. Foreign trade C. Market control D. None of these
Last Answer : ANSWER: C
Description : The most important feature in the economic measures pursued by Alauddin Khilji was: A. Foreign trade B. Market control C. Minting of new coins D. Development of agriculture
Last Answer : ANSWER: B