Foreign trade integrates the markets in different countries. Sup

Subject

Social Science

Class

CBSE Class 10

Pre Boards

Practice to excel and get familiar with the paper pattern and the type of questions. Check you answers with answer keys provided.

Sample Papers

Download the PDF Sample Papers Free for off line practice and view the Solutions online.
Advertisement

 Multiple Choice QuestionsOne Word Answers

1.

Suppose your parents want to purchase Gold jewellery along with you; then which logo will you look for on the jewellery ?

2778 Views

 Multiple Choice QuestionsShort Answer Type

2.

Describe any three features of waterways in India.

844 Views

3.

Why has the 'Chhotanagpur Plateau Region' the maximum concentration of iron and steel industries? Analyse the reasons.

868 Views

4.

How can solar energy solve the energy problem to some extent in India? Give your opinion.

939 Views

Advertisement
5.

(30.1) Two features A and B are marked on the given political outline map of India. Identify these features with the help of the following information and write their correct names on the lines marked in the map:

A. Iron -ore mines

B. Terminal Station of East-West Corridor

(30.2) On the same political outline map of India, locate and label the following :

Vishakhapatnam – Software Technology Park

1037 Views

6.

Why has the 'National Manufacturing Competitiveness Council' been set up?

1421 Views

7.

How does money act as a medium of exchange?

968 Views

8.

What is meant by trade barrier ?

1636 Views

Advertisement
9.

Explain with an example how you can use the right to seek redressal.

1322 Views

Advertisement

10.

Foreign trade integrates the markets in different countries. Support the statement with arguments.


Foreign trade creates an opportunity for the producers to reach beyond the domestic markets, the markets of their own countries. Producers can sell their produce not only in markets located within the country but also compete in markets located in other countries of the world. Similarly, for the buyers, import of goods produced in another country is one way of expanding the choice of goods beyond what is domestically produced. In general, with the opening of trade, goods travel from one market to another. And, producers in the two countries now closely compete against each other even though they are separated by thousands of miles! Foreign trade thus results in connecting the markets or integration of markets in different countries.

1185 Views

Advertisement
Advertisement