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Part - 1 CH - 8 International Trade — Geography STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceGeographyPart - 1 CH - 8 International Trade2 Marks
Question
Study the table and answer the questions that follow:
(i) Which decade shows the highest increase of total value of imports and exports of goods and services?
(ii) How much is the increase in total value of exports during 1955 to 2005?
(iii) Why does the need for trade arise?
✓

Answer

(i) 1965-1975
(ii) 10,393,000 – 95,000 = 1,02,98,000 millions of US Dollars.
(iii) (a) International trade is thd result of specialisation in production. It benefits the world economy. Each kind of specialisation can give rise to trade.
(b) Difference in national resources.
(c) Regional difference in production and productivity.
(d) Difference in economic development.

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