Identify and write the type of trade:
(A) Srushti brought sugar from the grocery
shop.
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Answer:
(A) India is a self-sufficient country.
(B) The place where there is excess production does not have demand for those products.
(C) International trade processes are easier than local trade.
(D) SAARC works towards economic development and enhancing the social and cultural harmony of the South-East Asian countries.
Answer A: The statement is wrong because no nation is self-sufficient.
Answer B: The statement is correct.
Answer C: The statement is wrong. International trade processes are more complex than local trade.
- Answer D: The statement is correct.
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