ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A location where goods are transferred from one type of carrier to another (e.g., from barge to railroad).
A
Bulk-Gaining
B
Break-of-Bulk
C
Capital
D
Market
Explanation: 

Detailed explanation-1: -Breakbulk ocean shipping is a common method used to successfully transport cargo or goods that cannot fit in standard-size shipping containers or cargo bins. Instead, cargo is transported in bags, boxes, crates, drums, barrels, other handling equipment, or is simply rolled, lifted, or pushed onto a ship or barge.

Detailed explanation-2: -Summary: Bulk cargo is products transported loose and stored directly into a transport vessel, without packaging. Break bulk cargo is products in individual packaging, loaded and unloaded individually without using containers. Bulk cargo transportation is necessary for goods that are not suited for containerization.

Detailed explanation-3: -Break bulk is the system of transporting goods in pieces separately, rather than being shipped in a container. Goods shipped in crates, bags, boxes, drums, barrels without the use of container are referred to as break bulk cargoes.

Detailed explanation-4: -The difference between both options is simply that break bulk refers to individual or loose materials that are loaded, shipped and unloaded from the ship, and containers refers to a storage unit where all of the materials stay.

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