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प्रश्न
What is meant by trade barrier?
Explain the meaning of the following:
Trade barrier
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उत्तर
A trade barrier means a restriction on foreign trade and investment set by the government to protect its domestic industries from foreign competition. Tax on imports, quota restrictions, licensing, etc., are examples of trade barriers.
Notes
Students should refer to the answer according to their question and preferred marks.
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संबंधित प्रश्न
“Foreign trade integrates the markets in different countries”. Support the statement with arguments
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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.
Answer the following question.
How has foreign trade been integrating markets of different countries? Explain with examples.
Analyze the contribution of foreign investment in globalization.
Integration of markets means:
Cheaper imports, inadequate investment in infrastructure lead to:
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Which of the following was the main channel connecting distant countries was:
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- 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'?
