Foreign Trade and Economic Development

Economics ⇒ Economic Development

Foreign Trade and Economic Development starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Foreign Trade and Economic Development. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 12

Define foreign trade and explain its significance in economic development.

Describe the relationship between foreign trade and economic growth.

Describe the role of export processing zones (EPZs) in promoting foreign trade and economic development.

Describe two ways in which foreign trade can contribute to economic development in India.

Discuss the challenges faced by developing countries in international trade.

Discuss the role of foreign direct investment (FDI) in promoting economic development through foreign trade.

Explain how foreign trade can help in the optimum utilization of resources.

Explain the concept of 'comparative advantage' in the context of foreign trade.

Explain the concept of 'export-led growth' and its relevance for developing economies.

Explain the concept of 'import substitution' and its impact on economic development.

Explain the concept of 'terms of trade' and its importance for developing countries.

Explain the difference between balance of trade and balance of payments.

Explain the impact of foreign trade on employment generation in developing countries.

Explain the impact of trade liberalization on economic development.

India exports software services to the USA and imports crude oil from the Middle East. How does this affect India's balance of payments?

List any two disadvantages of protectionist policies in foreign trade.