Its function is to liberalise the world from high custom tariffs and various other types of restrictions.<\/li>\n<\/ul>\n(ii) Why is it detrimental for a nation to have a negative balance of payments ? \nAnswer: \nA negative balance of payments means that the country spends more on buying goods than it can earn by selling its goods. This would ultimately lead to exhaustion of its financial reserves.<\/p>\n
(iii) What benefits do nations get by forming trading blocks ? \nAnswer:Regional trade blocks encourage trade between countries with geographical proximity, similarity and complementarities in trading items. It curbs restrictions on trade of the developing world. It encourages inter-regional trade.<\/p>\n
<\/p>\n
Question 3. \nAnswer the following questions in not more than 150 words : \n(i) How are ports helpful for trade ? \nGive a classification of ports on the basis of their location. (Sample Paper 2017-18) \nAnswer: \nBenefits of Ports \n(a) The chief doorways of the world of international trade are its harbours and ports. Cargoes and travellers pass from one part of the world to the another through these ports.<\/p>\n
(b) The ports provide facilities of docking, loading, unloading and the storage facilities for cargo. In order to provide these facilities, the port authorities make arrangements for maintaining the navigable channels, arranging tugs and barges, and providing labour and managerial services.<\/p>\n
(c) The importance of a port is judged by the size of cargo and the number of ships handled.<\/p>\n
(d) The quantity of cargo handled by a port is an indicator of the level of development of its hinterland.<\/p>\n
Types of Ports. Generally, ports are classified according to the types of location and traffic which they handle.<\/p>\n
(a) Inland ports. These ports are located away from the sea coast. They are linked to the sea through a river or a canal. Such ports are accessible to flat bottom ships or barges. For example, Manchester is linked with a canal; Memphis is located on river Mississippi; Rhine has several ports like Mannheim and Duisburg; and Kolkata is located on River Hoogli, a branch of river Ganga.<\/p>\n
(b) Out ports. These are deep water ports built away from the actual ports. These serve the parent ports by receiving those ships which are unable to approach them due to their large size. Classic combination, for example, is Athens and its out port Piraeus in Greece.<\/p>\n
(ii) How do nations gain from international trade ? \nOr \n\u201cInternational trade is mutually beneficial to nations.\u201d Analyse the statement. (Outside Delhi 2019) \nAnswer: \nInternational trade is the result of specialization in production. Its benefits are : \n(a) It benefits the world economy if different countries practise specialization and division of labour in the production of commodities or provision of services.<\/p>\n
(b) Each kind of specialization can give rise to trade.<\/p>\n
(c) Thus international trade is based on the principle of comparative advantage, compli- mentaretries and, in principle, should be mutually beneficial to the trading partners.<\/p>\n
(d) In modern times, trade is the basis of the world\u2019s economic organization and is related to the foreign policy of nations.<\/p>\n
(e) With well-developed transportation and communication systems, no country is willing to forego the benefits derived from participation in international trade.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Detailed, Step-by-Step NCERT Solutions for Class 12 Geography Chapter 9 International Trade Questions and Answers were solved by Expert Teachers as per NCERT (CBSE) Book guidelines covering each topic in chapter to ensure complete preparation. https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-geography-chapter-9-part-a\/ \u00a0International Trade NCERT Solutions for Class 12 Geography Chapter 9 \u00a0International Trade Questions and Answers Class 12 Geography Chapter …<\/p>\n
NCERT Solutions for Class 12 Geography Chapter 9 International Trade<\/span> Read More »<\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":""},"categories":[3],"tags":[],"yoast_head":"\nNCERT Solutions for Class 12 Geography Chapter 9 International Trade - MCQ Questions<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n