International Trade - Class XII Geography Quiz
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Preview questions
1. What is the primary purpose of international trade?
To increase domestic production · To promote cultural exchange · To enhance economic interdependence · To reduce foreign investments
2. Which of the following is a major benefit of international trade?
Increased tariffs · Access to a larger market · Reduced competition · Decreased foreign exchange
3. What term describes the value of a country's exports minus its imports?
Trade surplus · Trade deficit · Balance of trade · Foreign exchange
4. Which organization aims to promote free trade among member countries?
World Trade Organization · International Monetary Fund · United Nations · World Bank
5. What is the impact of globalization on international trade?
Increased isolation of economies · Reduction in trade barriers · Decreased foreign investments · Stagnation of trade growth
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