Question

Types of foreign trade are as follows:

1. Import trade
2. Export trade
3. Entrepot trade
4. Internal trade

Options

• a and b

• a, b, and c

• a, b, c, and d

• None of these

Answer 1

a, b, and c

Explanation:

Foreign trade primarily comprises three types: import, export, and entrepot trade. Since internal trade is conducted within the geographical boundaries of a country, it is not a part of foreign trade.