ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A product that one country SELLS to another.
A
import
B
export
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Common exports exchanged from one country to another include energy and natural resources, raw materials like food or textiles, and finished consumer products like electronics.

Detailed explanation-2: -Export-When goods are sent from one country to another then it is called export. Import-When goods are purchased from other countries then it is called import.

Detailed explanation-3: -Petroleum products or refined petroleum is the most exporting product of India after jewellery products. It includes medium oils & preparations and light oils and preparations, of petroleum or bituminous minerals.

Detailed explanation-4: -International Trade: Commerce among Nations.

There is 1 question to complete.