BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who have the largest share of world trade?
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European Union, USA
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Japan
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Canada
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All of these
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Explanation:
Detailed explanation-1: -T HE share of a country in world trade is. understood conventionally as the ratio of. the country’s trade to world trade.
Detailed explanation-2: -The World Trade Organisation (WTO) has projected that the global trade growth will rise by 3.5% in 2022 but only 1% in 2023. India’s share in global merchandise trade is 1.8% and in global services, it is 4%, and there is a lot of potential to increase this, he said.
Detailed explanation-3: -The importer and exporter are the two key actors. They agree to trade certain goods typically in exchange for a payment.
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