Answer the following questions in about 30 words.

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

Choose the right answer from the four alternatives given below.

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

Answer the following questions in about 30 words.

What is the basic function of the World Trade Organisation?

Answer the following questions in about 30 words.

What benefits do nations get by forming trading blocs?

Answer the following questions in not more than 150 words.

How are ports helpful for trade? Give classification of ports on the basis of their location.