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.
RELATED QUESTIONS
Which one of the following South American nation, is a part of OPEC?
In which of the following trade blocs, is India an associate member?
Which two countries were connected by the silk route?
Where are WTO headquarters?
Where are the headquarters of EU?
Where are the headquarters of CIS?
When and how did slave trade begin?
Which city is the headquarters of the Organization of Petroleum Exporting Countries (OPEC)?
The Headquarters of EU are at ______.
When exports are more than imports, trade is ______.
Which is not included in SAARC?
In which year WTO was formed?
In which year GATT was formed?
What are the components of International trade?
Which is the largest trading partner of India?
Which of the following is not an item of India s export ____________.
Identify the South America county from the following options which is a part of OPEC.
Which of the following is the headquarters of WTO?
What does the Latin word 'Salarium' mean?
Which of the following forms the basis of international trade?
What is the main motive of OPEC countries?
The silk route had a length of ______ km connecting Rome and China.
European commerce grew after the disintegration of ______ Empire with the development of ocean going warships in 12th century AD.
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.
Explain how the 'size of population' and the stage of 'economic development' are the bases of international trade.
Which of the followings is not a function of World Trade Organization (WTO)?
