Question

(A) Maharashtra and Punjab Do
(B) India and Japan Intern
(C) Lasalgaon and Pune Dom
(D) China and Canada I rate
(E) Indian and European Union
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Answer 1

Answer:

Since Maharashtra and Punjab are in the same country i.e India, the trade taking place between them is Domestic Trade (Internal Trade).

(B) India and Japan are two different countries, and hence the trade taking place between them is Bilateral International Trade.

(C) Lasalgaon is a town in Nashik District in the Indian state of Maharashtra and Pune is a District in the Indian state of Maharashtra since this trade is within the state it ca be termed as local trade which takes place within cities,towns or villages.

(D) China and Canada are two different countries, and hence the trade taking place between them is Bilateral International Trade.

(E) India is an Asian Country whereas European Union is an Union of 28 European countries hence trade taking place between them is Multilateral International Trade.

Explanation:

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