Advertisements
Advertisements
Questions
Explain how geological structures, mineral resources and climate are the bases of international trade.
Explain how ‘difference in national resources’ act as basis of international trade.
Advertisements
Solution
The world’s national resources are unevenly distributed because of differences in their physical makeup i.e. geology, relief soil, and climate.
- Geological structure: It determines the mineral resource base and topographical differences ensure diversity of crops and animals raised. Lowlands have greater agricultural potential. Mountains attract tourists and promote tourism.
- Mineral resources: They have unevenly distributed the world over. The availability of mineral resources provides the basis for industrial development.
- Climate: It influences the type of flora and fauna that can survive in a given region. It also ensures diversity in the range of various products, e.g. wool production can take place in cold regions, bananas, rubber, and cocoa can grow in tropical regions.
RELATED QUESTIONS
What is the basic function of the World Trade Organisation?
What is meant by barter system?
Which two countries were connected by the silk route?
What is dumping?
What are regional trade blocs?
Why were regional trade blocs formed?
Write a note on history of international trade.
Give the significance of ‘stage of economic development ‘and ‘extent of foreign investments’ as bases of international trade in detail.
India is the member of which trading block?
What are the components of International trade?
Which is the largest trading partner of India?
India's balance of trade is negative due to.
Offshore terminal at Vadinar belongs to ____________.
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 ____________.
Countries also need to be cautious about ____________.
When was World Trade Organisation formed?
Which of the following is a determinant of trade?
Underlying the application of the monopolistic competition model to trade is the idea that trade:
Which of the following describes composition of trade?
European commerce grew after the disintegration of ______ Empire with the development of ocean going warships in 12th century AD.
Which one of the following continents has the maximum flow of global trade?
WTO was established on which of the following date?
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.
Explain how, in modern times, trade is the basis of world's economic organisation and is related to the foreign policy of the nations.
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.
