Write answers in short:

Create a flowchart showing the types of trade.

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.

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.

Write answers in short:

Explain the difference in types of balances of trade.

Write answers in short:

State the objectives of WTO.