Advertisements
Advertisements
प्रश्न
"Advancement of international trade of a country is an index to its prosperity." Support the statement with suitable examples
Advertisements
उत्तर
Advancement of a country's international trade is an index of its economic prosperity because:
i) International trade is in fact an 'economic barometer' of a country. A healthy volume of it ensures a trickling down of prosperity into the macro economy as well.
ii) No country is self sufficient in all resources or services. It has to resort to international trade in order to satisfy one or the other need of its economy.
iii) If the balance of international trade is favourable to a country, it can earn more foreign exchange and hence strengthen its financial position in the market.
iv) International trade induces a country to develop secondary and tertiary sectors for exporting goods which can fetch more foreign exchange.
v) A country's economic prosperity can be gauged by the health of its international trade.
संबंधित प्रश्न
Why did the Indian Government put barriers to foreign trade and foreign investments after independence? Analyse the reasons.
Which one of the following has been the major source of foreign exchange for IT industry?
(A) Bharat Heavy Electricals Limited
(B) Oil India Limited
(C) Steel Authority of India Limited
(D) Business Process Outsourcing
What is the meaning of 'investment'?
How has liberalisation of trade and investment policies helped the globalisation process?
Distinguish between investment and foreign investment.
Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.
Analyze the contribution of foreign investment in globalization.
Entry of MNCs in a domestic market may prove harmful for:
Integration of markets means:
Cheaper imports, inadequate investment in infrastructure lead to:
Which of the following was the main channel connecting distant countries was:
Foreign Trade creates an opportunity for the producers to:
Evaluate the impacts of opening foreign trade on the global economy by identifying the appropriate statements among the following options:
- The choice of goods in the markets increase.
- Producers from two countries closely compete against each other despite the distance between their locations.
- Foreign trade thus results in connecting the markets or integration of markets in different countries.
- The quality of the product is always good.
Which one of the following statements best describes the meaning of 'Globalisation'?
“Foreign trade results in connecting the markets in different countries.” Support the statement in the context of globalisation.
