The purchase of goods from a Foreign Country is called _____.

(a)

Import

(b)

Export

(c)

Entrepot

(d)

Re-export

When goods are Imported for the purpose of Export it is called as _____.

(a)

Foreign Trade

(b)

Home Trade

(c)

Entrepot Trade

(d)

Trade

_____ acts as a connective link between the producer and the consumer.

(a)

Trade

(b)

Industry

(c)

Commerce

(d)

Business

The aim of home trade is _____

(a)

To raise the standard of living

(b)

To provide the essential goods and services economically

(c)

To raise the National Income

(d)

To obtain all types of goods

Internal trade can be classified into _____ categories.

(a)

Three

(b)

Four

(c)

Two

(d)

Five