Important Questions
1. What is International Trade?
2. Name the regional trade bloc of which India is a member.
3. Which city is the headquarters of the Organization of Petroleum Exporting Countries (OPEC)?
4. Categorize the international trade into two types.
5. Assess the positive aspect of 'trade liberalization.
Sample Questions
1. How are ports helpful for trade? Give a classification of ports on the basis of their location.
2. What is the role of 'World Trade Organisation' as an International Organisation? Why has the World Trade Organisation been criticized by some countries? Explain Role of World Trade Organisation.
3. “Every January after the harvest season ‘JonbeelMela’ takes place in Jagiroad, 35 kilometres away from Guwahati and it is possibly the only fair in India, where ‘barter system’ is still alive. A big market is organised during this fair and people from various tribes and communities exchange their products.” In light of the above paragraph, justify the values of “barter system’ in the lives of the tribal communities.
4. Define ports on the basis of location.
5. How population factor affect international trade?
