BOOK1 CH9 International Trade (Important Question Answer)
BOOK1 FUNDAMENTALS OF HUMAN GEOGRAPHY
CH9 INTERNATIONAL TRADE
IMPORTANT QUESTION ANSWER
1 Marks questions answer
Q1 Examine the functioning of world trade organisation (WTO) ? (Delhi 2016)
Ans 1 The two function of world trade organisation
(i) It sets the rules for global Trading
(ii) It promote free and fair trade amongst different countries of the world
Q2 How is barter system practised among various tribal communities in thw world (Delhi 2016)
Ans 2 In tribal communities, the barter system is practised by direct exchange of goods; money is not used.
Q3 Assess the positive aspect of trade liberalisation (Hots All India 2016)
Ans 3 Trade liberalisation refers to opening up of economics for trading. It allows goods and services from everywhere to compete with domestic goods and services thereby giving greater choices.
Q4 How is the favourable balance of trade an indicator of economic development of a country?(All India 2016)
Ans 4 A favourable balance of trade means that the value of exports is more than the value of imports. This means that the value of imports. This means that the country is earning money by selling its goods which is an indicator of economic development of a country.
Q5 What are naval ports? Give one example of naval ports. (All India 2013)
Ans 5 Naval ports are those ports which are strategically important as they serve warships and have repair centres for them. Examples of naval ports are kochi and Karwar.
3 Marks Question Answer
Q1 What is free trade? Give two advantages of free trade.
Ans 1 The act of opening up economics for trading is know as free trade or trade like liberlisation
Two advantage of free trade are as follows :
(i) It makes the economy more open and trading easier by bringing down trade barriers.
(ii) Trade liberalisation or free trade creates the environment of competition between the goods produced globally and the domestic goods.
Q2 Why are ports called "gateways of international" ? Explain any three reasons.
Ans 2 (i) These ports facilities the passage like cargos and travellers.
(ii) These ports provide facilities like docking, loading, unloading and storage facilities for cargo.
(iii) Large ports offer particularly attractive locations for lead industries and distributions- intensive enterprises.
Q3 Classify ports of the world into two types on the basis of their location. Explain any two features of each type of ports.
Ans 3 Ports are classified into following two types on the basis of their location
(i) Inland ports
(ii) Out ports
Two features of each of these ports are as follows :
(a) These ports are connected to sea through a river or a canal.
(b) They are located away from the sea coast. E.g - Manchester,Kolkata,Duisburg.
Q4 Explain the three aspects of international trade.
Ans 4 International trade has three very important aspects. These are
1) Volume of trade - Volume refers to the actual tonnage of goods traded. But services traded. But services traded cannot be measured in tonnage. Hence, volume of trade is measured simply as the total value of goods and services traded.
2) Composition of trade - The nature of goods and services traded by countries has been changed during the last century as the percentage of primary products in the total traded goods was maximum in the beginning of the last century as the percentage of primary products in the total traded goods was maximum in the beginning of the last century. Later manufactured goods dominated and presently service sector is showing a rising trend.
3) Direction of trade - The world trade pattern underwent drastic changes during the second half of the 20th century. The developing countries like India and China have started competing with developed countries. The nature of the goods traded has also changed.
Q5 How is the difference is national resources a basis of international trade? Explain with three examples .
Ans 5 The distribution of worlds national resources is uneven due to different physical make ups like:
Geological Structure - Distinct geological structure and topographical differences ensure diversity of crops and animals raised. Like agriculture activity is more in lowland areas, mountain are good for tourism, etc.
Mineral Resources - Different Regions of the world have different proportion of mineral resources and these mineral resources provide the basis for the development of industries.
Climate - It influences flora and fauna of a particular region. It ensure the diversity in the range of various products. E.g Wool production in colder regions, certain cash crops like cocoa, coffee in tropical regions.
Ans 3 Trade liberalisation refers to opening up of economics for trading. It allows goods and services from everywhere to compete with domestic goods and services thereby giving greater choices.
Q4 How is the favourable balance of trade an indicator of economic development of a country?(All India 2016)
Ans 4 A favourable balance of trade means that the value of exports is more than the value of imports. This means that the value of imports. This means that the country is earning money by selling its goods which is an indicator of economic development of a country.
Q5 What are naval ports? Give one example of naval ports. (All India 2013)
Ans 5 Naval ports are those ports which are strategically important as they serve warships and have repair centres for them. Examples of naval ports are kochi and Karwar.
3 Marks Question Answer
Q1 What is free trade? Give two advantages of free trade.
Ans 1 The act of opening up economics for trading is know as free trade or trade like liberlisation
Two advantage of free trade are as follows :
(i) It makes the economy more open and trading easier by bringing down trade barriers.
(ii) Trade liberalisation or free trade creates the environment of competition between the goods produced globally and the domestic goods.
Q2 Why are ports called "gateways of international" ? Explain any three reasons.
Ans 2 (i) These ports facilities the passage like cargos and travellers.
(ii) These ports provide facilities like docking, loading, unloading and storage facilities for cargo.
(iii) Large ports offer particularly attractive locations for lead industries and distributions- intensive enterprises.
Q3 Classify ports of the world into two types on the basis of their location. Explain any two features of each type of ports.
Ans 3 Ports are classified into following two types on the basis of their location
(i) Inland ports
(ii) Out ports
Two features of each of these ports are as follows :
(a) These ports are connected to sea through a river or a canal.
(b) They are located away from the sea coast. E.g - Manchester,Kolkata,Duisburg.
Q4 Explain the three aspects of international trade.
Ans 4 International trade has three very important aspects. These are
1) Volume of trade - Volume refers to the actual tonnage of goods traded. But services traded. But services traded cannot be measured in tonnage. Hence, volume of trade is measured simply as the total value of goods and services traded.
2) Composition of trade - The nature of goods and services traded by countries has been changed during the last century as the percentage of primary products in the total traded goods was maximum in the beginning of the last century as the percentage of primary products in the total traded goods was maximum in the beginning of the last century. Later manufactured goods dominated and presently service sector is showing a rising trend.
3) Direction of trade - The world trade pattern underwent drastic changes during the second half of the 20th century. The developing countries like India and China have started competing with developed countries. The nature of the goods traded has also changed.
Q5 How is the difference is national resources a basis of international trade? Explain with three examples .
Ans 5 The distribution of worlds national resources is uneven due to different physical make ups like:
Geological Structure - Distinct geological structure and topographical differences ensure diversity of crops and animals raised. Like agriculture activity is more in lowland areas, mountain are good for tourism, etc.
Mineral Resources - Different Regions of the world have different proportion of mineral resources and these mineral resources provide the basis for the development of industries.
Climate - It influences flora and fauna of a particular region. It ensure the diversity in the range of various products. E.g Wool production in colder regions, certain cash crops like cocoa, coffee in tropical regions.
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