Question

Match the following:
(a) Buying soft toys from China and selling them in India
(b) Selling Basmati Rice to USA from India
(c) Buying electronic items from Japan and selling them in Thailand.
(i) Export Trade
(ii) Import Trade
(iii) Entrepot Trade​

Answer 1

Answer:

a)-(ii) b)-(i) c)-(iii)

Answer 2

Match column in correct pair accordingly:

(a)Buying soft toys from

China and selling (ii) Import trade

them in India.

(b)Selling Basmati Rice

to USA from India. (i) Export trade

(c)Buying electronic items

from Japan and (iii)Entrepot Trade

selling them in Thailand.

•Import Trade:

• Import trade is that the method of importation Of product and services from another country.
• It is process of buying from another country and selling in our country.

•Export Trade:

• Export trade is that the method of exportation product and services to a different country.
• it is the method of the products and services factory-made in our country and bought by citizens of another country.

•Entrepot Trade:

• Entrepot Trade is that the combination method of import and export trade.
• Entrepot trade refers to the follow of re-exporting product with or while not process or re-packaging them once more.

Solution:

(a) - (ii) Import trade

(b) - (i) Export trade

(c) - (iii) Entrepot trade