Thursday, September 6, 2007


Q. What is trade?
A. The exchange of goods among people, states and countries is referred to as trade.
Q. Define market.
A. The market is a place where such exchanges take place.
Q. What is international trade?
A.Trade between two countries is called international trade.It may take through sea, air or land routes.
The advancement of the international trade of a country is an index to its economic prosperity.and is considered as the economic barometer for a country.

Q.What are the two components of trade?
Export and import are the main components of trade.
Q.What is balance of trade?
The balance of trade is the difference between export and import.
Q. What do you mean by favourable and unfavourable balance of trade?
A. When the value of exports exceeds the value of imports it is called favourable balance of trade. Where as when the value of imports exceeds the value of exports it is termed as unfavourable balance of trade.
Q. Which are the Indian items of export?
A. The items of export are the agricultural and allied products-2.53%
--ores and minerals-9.12%
--gems and jewellery-26.75
--chemical and allied products-24.45%
--engineering goods-35.63%
--petroleum products-86.12%
Q. List the items imported by India.
A. The commodities imported by India are
--petroleum and petroleum products-41.87%
--pearls and precious stones-29.26%
--inorganic chemicals-29.39%
--coal,coke and briquttes-94.17%
--Bulk imports-this include fertilizers-67%, cereals-25.23%, edible oils-7.94%and news print-5.51.
Q. Write a note on the changing nature of trade in the last fifteen years.
A. International trade has undergone a sea change in the last fifteen years.
--India has trading relations with all major trading blocks and all geographical regions of the world.
–our share in the export commodities has been increasing over last few years.
--bulk imports as a group have registered a growth accounting for 39.09% of total imports.
--exchange of commodities and goods have been superseded by the exchange of information and knowledge.
--India has emerged as a software giant at the international level and is earning large foreign exchange through the export of information technology.
Q. Name the principle countries to which we export?
A. Russia, Britain, Japan, NewZealand, West Germany, France, Srilanka , Bangladesh etc.
Q. Name the countries from which we import?
A. U.S.A, Russia, U.K, west Germany, Iran, Saudi Arabia, France, Canada, Belgium, Malayasia, Italy, Netherlands, Singapore and Australia.
Q. What do you know about the tourism industry in India? Or what is its importance?
A. Tourism in India has grown substainally over the last three decades .
--Foreign tourists arrivals in the country has witnessed an increase of 23.5% diring the tear 2004 as against the year 2003.
--it has contributed 21,828 crore of foreign exchange—2004.
--Over 2.6 million foreign tourists visit India every year.
--More than 15 million people are directly engaged in the tourism industry.
--It promotes national integration.
--It provides support to local handicrafts and cultural pursuits.
--helps in international understanding about our culture and heritage.
There is a bright future ahead for this upcoming industry.
Q. Why do foreign tourists visit India?
A. Foreign tourists visit India for heritage tourism, economic tourism, adventure tourism, cultural tourism, medical tourism and business tourism.
Q. Which are the important places of tourists attraction in India?
Rajasthan, Goa, Jammu and Kashmir and temple towns of south India are important destinations of tourists in India.
Though there is a vast potential of tourism development in the North –Eastern states and in the interior parts of the Himalayas, but due to the strategic reasons these have not been encouraged so far.

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