Advertisements
Advertisements
Question
Why is it detrimental for a nation to have negative balance of payments?
Advertisements
Solution
Negative balance of payment indicates that for a country the expenditure on imports is higher than the income from exports. This implies that a country is running down on its stock of foreign exchange and it has to bank upon international loans for funding the payments of imports.
APPEARS IN
RELATED QUESTIONS
What benefits do nations get by forming trading blocs?
Define Slave Trade.
When was WTO formed?
Where are the headquarters of ASEAN?
Where are the headquarters of CIS?
When and how did slave trade begin?
Explain how geological structures, mineral resources and climate are the bases of international trade.
Why were regional trade blocs formed?
What are the concerns related with international trade?
Explain how global trade affects many aspects of life.
List the functions and criticism of the World Trade Organisation (WTO).
Name the regional trade bloc of which India is a member.
Slave trade was abolished in the USA in ____________.
Which is not included in SAARC?
How many types of trade?
Where is WTO Headquarter located?
Where is the headquarter of OPEC?
India's balance of trade is negative due to.
Which of the following is not a major trading partner of India ____________.
Diamond harbor is on the river ____________.
Offshore terminal at Vadinar belongs to ____________.
Deepest harbor for large vessels is ____________.
Which of the following is the headquarters of WTO?
When was World Trade Organisation formed?
Underlying the application of the monopolistic competition model to trade is the idea that trade:
Which of the following trade blocks, is In~a an associate member?
European commerce grew after the disintegration of ______ Empire with the development of ocean going warships in 12th century AD.
"Undertaking international trade is mutually beneficial to nations." Justify the statement.
