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प्रश्न
What benefits do nations get by forming trading blocs?
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उत्तर
Countries with geographical proximity, similarity and complementarities in trading item form trading blocs. These develop as a response to failure of global organisation to speed up intra-regional trade.
The main benefits arising from trade blocs are:
- Increase intra-regional trade by removing trade tariffs within member nations.
- Have a greater say in international market as they have more power as trading bloc than as an individual nation.
संबंधित प्रश्न
In which of the following trade blocs, is India an associate member?
Which two countries were connected by the silk route?
Define Slave Trade.
What is dumping?
Where are the headquarters of ASEAN?
Where are the headquarters of CIS?
What are regional trade blocs?
Why were regional trade blocs formed?
Explain how global trade affects many aspects of life.
What was the initial form of trade in primitive society?
Silk route was between ______.
India is the member of which trading block?
Which of the following is not a major trading partner of India ____________.
Offshore terminal at Vadinar belongs to ____________.
Deepest harbor for large vessels is ____________.
Identify the South America county from the following options which is a part of OPEC.
Which of the following is the headquarters of WTO?
Which new form of trade emerged due to the European Colonisation in the fifteenth century?
Countries also need to be cautious about ____________.
When was World Trade Organisation formed?
Which of the following trade policies limits. specified quantity of goods to be imported at one tariff rate.
What is the main motive of OPEC countries?
Which one of the following continents has the maximum flow of global trade?
WTO was established on which of the following date?
Match the following.
| List I (Organisation) |
List II (Established) |
| A. ASEAN | 1. 1995 |
| B. WTO | 2. 1967 |
| C. NAFTA | 3. 1994 |
"Undertaking international trade is mutually beneficial to nations." Justify the statement.
Explain how the 'size of population' and the stage of 'economic development' are the bases of international trade.
On the given political map of the World, seven geographical features have been marked as A, B, C, D, E, F and G. Identify any five with the help of the following information and write their correct names on the lines drawn near each feature.
- A major seaport.
- An international airport.
- An important Seaway.
- An area of subsistence gathering in South America.
- An important seaport of Asia.
- An area of Nomadic Herding.
- Region of extensive commercial grain agriculture.
