Question
Download Solution PDFOne of the problems of India's Foreign Trade is
This question was previously asked in
UP TGT Commerce 2019 Official Paper
Answer (Detailed Solution Below)
Option 3 : Unfavorable terms of trade
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UP TGT Hindi FT 1
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Detailed Solution
Download Solution PDFThe correct answer is Unfavorable terms of trade.
Key Points
- The key element in any country's economic development is foreign trade.
- All imports and exports into and out of India are considered part of the country's foreign trade.
- Such operations are managed by the Ministry of Commerce and Industry at the Central Government level.
Important Points
- Payment of imports in rupees, this option is not a problem for India's foreign trade instead it is favourable condition for India's Foreign Trade.
- Increasing Quantity of exports is not a problem for foreign trade because it will boost balance of payment of economy.
- Unfavourable terms of trade can cause problems in foreign trade, like payment for export in international currency etc.
Last updated on May 6, 2025
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