ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When it is time to ship goods that have been manufactured, the lowest cost long distance freight is by which of the following modes of transport?
A
truck
B
airplane
C
ship
D
train
Explanation: 

Detailed explanation-1: -Air transport has the fastest handling processes and documentation is quite well-structured, therefore takes less time. Air cargo needs less handling and there is no need for heavy packaging. With air transport you can ship your cargo basically anywhere, to most of the countries and territories in the World.

Detailed explanation-2: -Waterways are the cheapest mode of transportation. It is also the most efficient and environment-friendly mode of transportation because the distance travelled per unit of fuel is larger. Thus, waterways are a suitable mode for transporting heavy goods.

Detailed explanation-3: -Sea freight is highly cost-effective for any size of cargo. Large volumes of packaged goods or bulk shipments can move long distances across oceans or short distances by barge at a price often unmatched by other transport modes.

Detailed explanation-4: -What are the Top Modes of Transport. Air, Road, Sea and Rail. These are the four major modes of transport (or types) in the logistics industry.

There is 1 question to complete.