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Questions and Answers
Which of the following is a characteristic of local trade?
Which of the following is a characteristic of local trade?
- It is not linked to socio-economic progress
- It is dependent on means of international transportation
- It is carried out within cities, towns, and villages of a country (correct)
- It involves trade between different countries
What are considered the lifelines of a nation and its economy?
What are considered the lifelines of a nation and its economy?
- Government policies
- Means of transportation and communication (correct)
- Agriculture and industry
- International trade agreements
Which of the following have contributed to India's socio-economic progress?
Which of the following have contributed to India's socio-economic progress?
- Agricultural practices and traditional customs
- Religious institutions and cultural events
- Railways, airways, waterways, newspapers, radio, cinema, television, and the internet (correct)
- Political organizations and military advancements
What is the role of international trade in a nation's economy?
What is the role of international trade in a nation's economy?
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How has international trade changed in the last fifty years?
How has international trade changed in the last fifty years?
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