Class 12 Geography chapter 8 ncert solutions: International Trade question answer
| Textbook | Ncert |
| Class | Class 12 |
| Subject | Geography |
| Chapter | Chapter 8 |
| Chapter Name | International Trade class 12 ncert solutions |
| Category | Ncert Solutions |
| Medium | English |
Are you looking for Geography Class 12 chapter 8 question answer? Now you can download International Trade question answer pdf from here.
Question 1: Choose the right answer from the four alternatives given below
Question 1.(i): Most of the world’s great ports are classified as:
(a) Naval Ports
(b) Oil Ports
(c) Comprehensive Ports
(d) Industrial Ports
Answer 1.(i): (c) Comprehensive Ports
Question 1.(ii): Which one of the following continents has the maximum flow of global trade?
(a) Asia
(b) North America
(c) Europe
(d) Africa
Answer 1.(ii): (b) North America
Question 2: Answer the following questions in about 30 words.
Question 2.(i): What is the basic function of the World Trade Organisation?
Answer 2.(i): Basic function of World Trade Organisation is to act as an international organisation to deal with the global rules of trade between nations. It sets the rules for the global trading and resolves the disputes between member nations.
It is a permanent institution for looking after the promotion of free and fair trade amongst nations. WTO also covers trade in services, such as telecommunication and banking, and other issues such as intellectual rights.
Question 2.(ii): Why is it detrimental for a nation to have negative balance of payments?
Answer 2.(ii): A negative balance would mean 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.
Question 2.(iii): What benefits do nations get by forming trading blocs?
Answer 2.(iii): Countries with geographical proximity, similarity and complementarities in trading item form trading blocs. These develop as a response to failure of global organisation to speed up intra-regional trade.
The main benefits arising from trade blocs are:
- Increase intra-regional trade by removing trade tariffs within member nations.
- Have a greater say in international market as they have more power as trading bloc than as an individual nation.
Question 3: Answer the following questions in not more than 150 words.
Question 3.(i): How are ports helpful for trade? Give a classification of ports on the basis of their location.
Answer 3.(i): Ports are critical hubs for trade as they facilitate the exchange of goods and services across regions and countries. They serve as points of entry and exit for imports and exports, ensuring smooth transportation of cargo via sea routes, which is often more cost-effective for bulk goods compared to other modes of transport. Ports are equipped with specialized infrastructure such as warehouses, cranes, and docks, enabling efficient handling, storage, and transfer of goods. Additionally, they act as centers for economic activity, promoting employment and regional development.
Ports can be classified based on their location as follows:
- Inland Ports: These are located along rivers or lakes and connect to seaports through inland waterways. They support trade in regions away from the coast.
- Seaports: Situated along the coastline, these ports handle international trade by serving as gateways to the oceans.
- Natural Ports: These are located in naturally sheltered areas like bays, which provide protection against harsh weather and waves.
- Artificial Ports: Built with man-made infrastructure, these ports are developed in locations where natural harbors are unavailable.
Question 3.(ii): How do nations gain from International Trade?
Answer 3.(ii): International trade is the result of specialization in production. Its benefits are :
- It benefits the world economy if different countries practise specialization and division of labour in the production of commodities or provision of services.
- Each kind of specialization can give rise to trade.
- Thus international trade is based on the principle of comparative advantage, compli- mentaretries and, in principle, should be mutually beneficial to the trading partners.
- In modern times, trade is the basis of the world’s economic organization and is related to the foreign policy of nations.
- With well-developed transportation and communication systems, no country is willing to forego the benefits derived from participation in international trade.