Q3 of 12 Page 74

Correct and rewrite the wrong statements :

(A) India is a self-sufficient country.


(B) The place where there is excess production does not have demand for those products.


(C) International trade processes are easier than local trade.


(D) SAARC works towards economic development and enhancing the social and cultural harmony of the South- East Asian countries.

(A) No region or country is self-sufficient


(B) When a country produces excess goods or services than required, it sells these to countries which have a demand for it.


(C) Carrying out trade at an international level is a more complex process than domestic trade.


(D) SAARC work towards Increasing social welfare, raising the living standard and increasing regional cooperation among member states.


More from this chapter

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1

Classify the trade taking place between following regions :

(A) Maharashtra and Punjab


(B) India and Japan


(C) Lasalgaon and Pune


(D) China and Canada


(E) India and European Union

 2

Write the correct word- Import or Export for the following :

(A) India buys crude oil from the Middle-East Asian countries.


(B) Wheat is sent to Asian countries from Canada.


(C) Japan sends machine parts to APEC countries.

 4

Identify and write the type of trade:

(A) Srushti brought sugar from the grocery shop.


(B) The traders from Surat bought cotton from the farmers of Maharashtra.


(C) Sameer has exported pomegranates from his farms to Australia.


(D) Sadabhau bought 10 sacks of wheat and 5 sacks of rice from Market Yard for selling in his own shop.

 5

Write answers in short:

Create a flowchart showing the types of trade.