Choose the right answer from the four alternatives given below.
Most of the world’s great ports are classified as:
Which one of the following continents has the maximum flow of global trade?
Which one of the following South American nations, is a part of OPEC?
In which of the following trade blocs, is India an associate member?
Answer the following questions in about 30 words.
What is the basic function of the World Trade Organisation?
Why is it detrimental for a nation to have a negative balance of payments?
What benefits do nations get by forming trading blocs?
Answer the following questions in not more than 150 words.
How are ports helpful for trade? Give classification of ports on the basis of their location.
How do nations gain from International Trade?