Q2 A of 9 Page 89

Answer the following questions in about 30 words.

What is the basic function of the World Trade Organisation?


The basic function of the World Trade Organisation is-


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1 C

Choose the right answer from the four alternatives given below.

Which one of the following South American nations, is a part of OPEC?


 1

Choose the right answer from the four alternatives given below.

In which of the following trade blocs, is India an associate member?


 2

Answer the following questions in about 30 words.

Why is it detrimental for a nation to have a negative balance of payments?


 2

Answer the following questions in about 30 words.

What benefits do nations get by forming trading blocs?