Advertisement

International Trade Class 12th India People And Economy CBSE Solution

Class 12th India People And Economy CBSE Solution

Exercises
Question 1.

Choose the right answer from the four alternatives given below.

Trade between two countries is termed as

A. Internal trade

B. External trade

C. International trade

D. Local trade


Answer:

Internal, as well as, local trade happens within the geographical expanse of a country.


External trade refers to the total trade a particular country has with the rest of the world.


International trade refers to the trade between two (or more) countries, though bilateral trade have been a better term.


Question 2.

Choose the right answer from the four alternatives given below.

Which one of the following is a land locked harbour?

A. Vishakhapatnam

B. Mumbai

C. Ennor

D. Haldia


Answer:

Vishakhapatnam Port in Andhra Pradesh is a land-locked harbour, connected to the sea by a channel cut through solid rock and sand.


Question 3.

Choose the right answer from the four alternatives given below.

Most of India’s foreign trade is carried through

A. Land and sea

B. Land and air

C. Sea and air

D. Sea


Answer:

The land connectivity India has with her neighbouring countries is less and is often through inhospitable regions. Hence, land is not a prominent means by which India’s trade happens. (Thus, option A. and option B. are ruled out)


Sea alone can’t suffice to transport India’s exports, which include perishable materials which can only be transported through the air. (Thus, option D. is ruled out).


Hence, option C. Sea and Air is the answer.


Question 4.

Choose the right answer from the four alternatives given below.

Which one of the following is India’s largest trading partner (2010-11)

A. U.A.E.

B. China

C. Germany

D. U.S.A.


Answer:

Based on the Economic Survey tabled in the Lok Sabha by the Finance Minister on 25th February 2011, U.A.E has become India’s largest trading partner, followed by China. The U.S.A, which was in first position in 2007-08, has been relegated to the third position in 2010-11.


Question 5.

Answer the following questions in about 30 words.

Mention the characteristics of India’s foreign trade.


Answer:

The characteristics of India’s foreign trade has changed over the years. Over the years, there has been an increase in the total volume of import and export, yet the value of import continues to be higher than that of exports.



Question 6.

Answer the following questions in about 30 words.

Distinguish between port and harbour.


Answer:

A port is a man-made artificial structure for boats and vessels to dock, whereas harbours are natural locations where docking of sea-going vessels are possible without much altering of the landscape. In addition, ports are commercial in nature where international trade takes place. Harbours are, generally, areas where sea-going vessels are stored/anchored.



Question 7.

Answer the following questions in about 30 words.

Explain the meaning of hinterland.


Answer:

Hinterland refers to the area which is further inland, and usually away from the coast or the banks of major rivers. In general, these regions are richly endowed with natural resources.



Question 8.

Answer the following questions in about 30 words.

Name important items which India imports from different countries.


Answer:

Important items India imports from different countries are:

1. Fertilisers


2. Petroleum and petroleum products


3. Machine and equipment


4. Special steel


5. Edible oil


6. Chemicals


7. Electronic goods



Question 9.

Answer the following questions in about 30 words.

Name the ports of India located on the east coast.


Answer:

The ports located in the East Coast of India are:

1. Kolkata Port


2. Haldia Port


3. Paradwip Port


4. Vishakhapatnam Port


5. Chennai Port


6. Ennore Port


7. Tuticorin port



Question 10.

Answer the following questions in not more than 150 words.

Describe the composition of export and import trade of India.


Answer:

Composition of India’s trade with the rest of the world has never remained a constant. Though the composition of trade has undergone changes, the volume of imports continued to be higher than that of exports.


In terms of export commodities. The share of agriculture and allied products has declined, whereas, shares of petroleum and crude products and other commodities have increased. The shares of ore minerals and manufactured goods have largely remained constant since 2009-10. Tougher international competition has resulted in the decline of export of traditional items.


Manufacturing sector wins in terms of total value of export, accounting for about 73.6%. Engineering goods have shown significant growth too.


In terms of import commodities. The earlier foodgrain import was replaced by fertilisers and petroleum. Machine and equipment, special steel, edible oil and chemicals constitute the largest share in India’s import basket. Petroleum has seen a steep rise in import as it is used not just as a fuel but also a raw material in many industries. Pearls and semi-precious stones, gold and silver, metalliferous ores and metal scrap, non-ferrous metals, electronic goods, etc. forms the other major import commodities.


India keeps a net imbalance in terms of foreign trade in commodities, however India’s potential lies in the service sector. India has never been able to fully industrialise its economy, from primary activities (in the 50’s) India’s economy has directly jumped to become a service-dominated economy (by the 1990’s). India has a net positive balance in the in the international exchange of services, which more than offsets the negative balance in commodities.



Question 11.

Answer the following questions in not more than 150 words.

Write a note on the changing nature of the international trade of India.


Answer:

The nature of India’s foreign trade has changed over the years. Though there has been an increase in the total volume of import and export, the value of import continued to be higher than that of exports.


Agriculture and its allied sectors saw a rapid decline in India’s export basket due to tougher international competition in products like coffee, cashew, etc., though an increase has been registered in floricultural products, fresh fruits, marine products and sugar.


Manufacturing began to steer India’s export direction, with the sector alone accounting about three-fourth in terms of total value of exports (in 2016-17). In the exporting market, China and other East Asian countries are the major competitors of India.


The food crises in the year after Independence were managed by import of foodgrains. Thanks to the success of the Green Revolution, foodgrain import was discontinued after the 1970s. Capital goods, machinery and equipment still makes up a large share of India’s import basket.


Foodgrain import was replaced by fertilisers and petroleum. Special steel, edible oil and chemicals being the other commodities. The import of petroleum products has witnessed a sharp increase, as it is not just a fuel but raw material in various industries in India. Non-electrical machinery, transport equipment, manufacturers of metals and machine tools were the main items of capital goods. Pearls and semi-precious stones, gold and silver, metalliferous ores and metal scrap, non-ferrous metals, electronic goods, etc. forms the other major import commodities.


PDF FILE TO YOUR EMAIL IMMEDIATELY PURCHASE NOTES & PAPER SOLUTION. @ Rs. 50/- each (GST extra)

SUBJECTS

HINDI ENTIRE PAPER SOLUTION

MARATHI PAPER SOLUTION

SSC MATHS I PAPER SOLUTION

SSC MATHS II PAPER SOLUTION

SSC SCIENCE I PAPER SOLUTION

SSC SCIENCE II PAPER SOLUTION

SSC ENGLISH PAPER SOLUTION

SSC & HSC ENGLISH WRITING SKILL

HSC ACCOUNTS NOTES

HSC OCM NOTES

HSC ECONOMICS NOTES

HSC SECRETARIAL PRACTICE NOTES

2019 Board Paper Solution

HSC ENGLISH SET A 2019 21st February, 2019

HSC ENGLISH SET B 2019 21st February, 2019

HSC ENGLISH SET C 2019 21st February, 2019

HSC ENGLISH SET D 2019 21st February, 2019

SECRETARIAL PRACTICE (S.P) 2019 25th February, 2019

HSC XII PHYSICS 2019 25th February, 2019

CHEMISTRY XII HSC SOLUTION 27th, February, 2019

OCM PAPER SOLUTION 2019 27th, February, 2019

HSC MATHS PAPER SOLUTION COMMERCE, 2nd March, 2019

HSC MATHS PAPER SOLUTION SCIENCE 2nd, March, 2019

SSC ENGLISH STD 10 5TH MARCH, 2019.

HSC XII ACCOUNTS 2019 6th March, 2019

HSC XII BIOLOGY 2019 6TH March, 2019

HSC XII ECONOMICS 9Th March 2019

SSC Maths I March 2019 Solution 10th Standard11th, March, 2019

SSC MATHS II MARCH 2019 SOLUTION 10TH STD.13th March, 2019

SSC SCIENCE I MARCH 2019 SOLUTION 10TH STD. 15th March, 2019.

SSC SCIENCE II MARCH 2019 SOLUTION 10TH STD. 18th March, 2019.

SSC SOCIAL SCIENCE I MARCH 2019 SOLUTION20th March, 2019

SSC SOCIAL SCIENCE II MARCH 2019 SOLUTION, 22nd March, 2019

XII CBSE - BOARD - MARCH - 2019 ENGLISH - QP + SOLUTIONS, 2nd March, 2019

HSC Maharashtra Board Papers 2020

(Std 12th English Medium)

HSC ECONOMICS MARCH 2020

HSC OCM MARCH 2020

HSC ACCOUNTS MARCH 2020

HSC S.P. MARCH 2020

HSC ENGLISH MARCH 2020

HSC HINDI MARCH 2020

HSC MARATHI MARCH 2020

HSC MATHS MARCH 2020


SSC Maharashtra Board Papers 2020

(Std 10th English Medium)

English MARCH 2020

HindI MARCH 2020

Hindi (Composite) MARCH 2020

Marathi MARCH 2020

Mathematics (Paper 1) MARCH 2020

Mathematics (Paper 2) MARCH 2020

Sanskrit MARCH 2020

Sanskrit (Composite) MARCH 2020

Science (Paper 1) MARCH 2020

Science (Paper 2)

Geography Model Set 1 2020-2021


MUST REMEMBER THINGS on the day of Exam

Are you prepared? for English Grammar in Board Exam.

Paper Presentation In Board Exam

How to Score Good Marks in SSC Board Exams

Tips To Score More Than 90% Marks In 12th Board Exam

How to write English exams?

How to prepare for board exam when less time is left

How to memorise what you learn for board exam

No. 1 Simple Hack, you can try out, in preparing for Board Exam

How to Study for CBSE Class 10 Board Exams Subject Wise Tips?

JEE Main 2020 Registration Process – Exam Pattern & Important Dates


NEET UG 2020 Registration Process Exam Pattern & Important Dates

How can One Prepare for two Competitive Exams at the same time?

8 Proven Tips to Handle Anxiety before Exams!

BUY FROM PLAY STORE

DOWNLOAD OUR APP

HOW TO PURCHASE OUR NOTES?

S.P. Important Questions For Board Exam 2022

O.C.M. Important Questions for Board Exam. 2022

Economics Important Questions for Board Exam 2022

Chemistry Important Question Bank for board exam 2022

Physics – Section I- Important Question Bank for Maharashtra Board HSC Examination

Physics – Section II – Science- Important Question Bank for Maharashtra Board HSC 2022 Examination

Important-formula



THANKS