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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
Which one of the following South American nation, is a part of OPEC?
In which of the following trade blocs, is India an associate member?
What is meant by barter system?
Which two countries were connected by the silk route?
Name the packet stations across the English Channel?
What are regional trade blocs?
Why were regional trade blocs formed?
What are the impacts of the negative balance of trade?
What was the initial form of trade in primitive society?
The Headquarters of EU are at ______.
Which is not included in SAARC?
In which year WTO was formed?
In which year GATT was formed?
Which is the largest trading partner of India?
Which of the following is not an item of India s export ____________.
Identify the South America county from the following options which is a part of OPEC.
Which of the following is the headquarters of WTO?
What does the Latin word 'Salarium' mean?
Which new form of trade emerged due to the European Colonisation in the fifteenth century?
The act of opening up economies for trading Is known as ____________.
The headquarters of WTO is at ______.
What is the main motive of OPEC countries?
European commerce grew after the disintegration of ______ Empire with the development of ocean going warships in 12th century AD.
Arrange the following organisations according to the year of their formation and choose the correct option.
- ASEAN
- EU
- WTO
- OPEC
I. The WTO however has been criticized and opposed by those who are worried about the effects of Free trade and economic globalization.
II. Free trade does not make ordinary people‟s lives more prosperous.
Analyse the five basis of international trade in the world.
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.
