Question

“In modern times, trade is the basis of the world’s economic organisation and is related to the ______ of nations”.

Options

• bilateral trade policy

• multi-lateral trade policy

• foreign trade policy

• internal need policy

Answer 1

“In modern times, trade is the basis of the world’s economic organisation and is related to the foreign trade policy of nations”.

Explanation:

Foreign Trade Policy (FTP) refers to the rules and guidelines set by a government to regulate and encourage a country’s exports and imports. Its purpose is to strengthen international trade, promote economic growth, and maintain a favourable balance of payments.