Q4 of 12 Page 74

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.

(A) Such type of trade can be termed as visible trade,since Srushti bought sugar here she is buying goods and the grocery shopkeeper is selling the good.


(B) This type of trade can be termed as Wholesale Trade,as the trader buys cotton produce directly from the farmers in bulk quantity and will sell to the traders of retail market.


(C) Such type of trade can be called as export which is basic process of international trade.As the pomegranates from the farm,are being sent to a foreign country.


(D) This type of trade is called Retail Trade.As the goods are bought from Wholesale market and will be sold directly to consumers.


More from this chapter

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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.

 3

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.

 5

Write answers in short:

Create a flowchart showing the types of trade.

 5

Write answers in short:

Explain the difference in types of balances of trade.