Edzy
Single Answer MCQ
Q-00044459

Which of the following is NOT a component of trade?

1

Export

2

Import

3

Balance of trade

4

Foreign aid

Reviewed & Verified by Edzy Expert

Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

D. Foreign aid

Solution:

Foreign aid is assistance given by one country to another, not a component of trade. Export and import are direct components, and the balance of trade is a measure of trade performance.

Watch Video Solution

Keep Practising

Students who asked this also explored

Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1

What happens when exports exceed imports?

Single Answer MCQ
View explanation
Q2

Which mode of transport is essential for international trade?

Single Answer MCQ
View explanation
Q3

What is the primary purpose of international trade?

Single Answer MCQ
View explanation
Q4

Which of the following is considered an export from India?

Single Answer MCQ
View explanation