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International Trade Class 12 MCQs Questions with Answers
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Multiple Choice Questions:
Question 1.
Most of the world’s important ports can be classified as ______ ports.
(a) industrial
(b) oil
(c) naval
(d) comprehensive
Answer
Answer: (d) comprehensive
Question 2.
Identify the continent which has the maximum flow of global trade.
(a) Europe
(b) Asia
(c) Africa
(d) North America
Answer
Answer: (d) North America
Question 3.
Identify the South American country from the following options which is a part of OPEC.
(a) Venezuela
(b) Brazil
(c) Peru
(d) Chile
Answer
Answer: (a) Venezuela
Question 4.
Which of these trade blocs has India as an associate member?
(a) ASEAN
(b) SAFTA
(c) OPEC
(d) QECD
Answer
Answer: (b) SAFTA
Question 5.
Which new form of trade emerged due to the European Colonisation in fifteenth century?
(a) Goods trade
(b) Slave trade
(c) Animal trade
(d) None of these
Answer
Answer: (b) Slave trade
Question 6.
ion Beet Mela In Jaglroad, 35 km away from Guwahati, Is associated with _____
(à) free trade
(b) bilateral trade
(C) multilateral trade
(d) barter
Answer
Answer: (d) barter
Question 7.
The act of opening up economies for trading Is known as .
(a) trade Liberalisation
(b) globalisation
(C) privatisation
(d) muLtilateraL trade
Answer
Answer: (a) trade Liberalisation
Question 8.
Countries also need to be cautious about
(a) free goods
(b) duty-free goods
(c) dumped goods
(d) useful goods
Answer
Answer: (c) dumped goods
Question 9.
When was World Trade Organisation formed?
(a) 1st January 1995
(b) 12th December 1902
(c) 5th November 1994
(d) 11th January 1995
Answer
Answer: (a) 1st January 1995
Question 10.
Where are WTO Headquarters located?
(a) Berlin, Germany
(b) Geneva, Switzerland
(c) New York, USA
(d) New Delhi, India
Answer
Answer: (b) Geneva, Switzerland
Question 11.
What does the Latin word ‘Salarium’ mean?
(a) Non-payment of salary
(b) Payment by salt
(c) Trade in Salt by Sea
(d) Barter of Salt for Silver
Answer
Answer: (b) Payment by salt
Question 12.
In which year did the slave trade in the USA get abolished?
(a) 1500
(b) 1776
(c) 1800
(d) 1808
Answer
Answer: (d) 1808
Question 13.
Which of the following is an aspect of international trade?
(a) Volume of trade
(b) Direction of trade
(c) Composition of trade
(d) All of these
Answer
Answer: (d) All of these
Question 14.
Which of the following is the headquarters of WTO?
(o) Belgium
(b) Indonesia
(c) Switzerland
(d) Austria
Answer
Answer: (c) Switzerland
Question 15.
Which of the following forms the basis of international trade?
(a) Difference in national resources
(b) Population factors
(c) Extent of foreign investment
(d) All of these
Answer
Answer: (d) All of these
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