Class 9 MAHARASHTRA STATE TEXTBOOK BUREAU Solutions Social Studies Chapter 9 - Trade
Trade Exercise 74
Solution 1
- Internal trade
- International trade
- Internal trade
- International trade
- International trade
Solution 2
- Import
- Export
- Export
Solution 3(A)
India is not a self-sufficient country as it is dependent on other countries for oil, minerals, machinery etc.
Solution 3(B)
The place where there is excess production creates supply of those products.
Solution 3(C)
International trade processes are complex than local trade.
Solution 3(D)
Increasing social welfare, raising the living standard and increasing regional cooperation among member states.
Solution 4
- Retail trade
- Wholesale trade
- International trade
- Wholesale trade
Solution 5 (A)
Solution 5 (B)
The difference between the import and export values of a country in a specific period is called balance of trade. The different types of balance of trade are:
Unfavourable Balance of Trade: When the value of imports is more than the value of exports, it is called 'Unfavourable Balance of Trade.'
Favourable Balance of Trade: When the value of exports is more than the value of imports, it is called 'Favourable Balance of Trade.'
Balanced Balance of Trade: When the value of exports and imports is almost the same, it is called 'Balanced Balance of Trade.'
Solution 5(C)
The objectives of WTO are:
- To provide platform for negotiations in international trade
- To handle the differences related to trade
- Monitor the trade policies of member states
- Providing technological assistance and training to developing countries
Solution 5(D)
- OPEC stands for Organisation of Petroleum Exporting Countries while APEC stands for Asia-Pacific Economic Cooperation.
- OPEC is the organisation of oil-producing and exporting countries which keeps control over the international trade of crude oil. APEC is the regional organisation of the countries in the Asia Pacific region. It promotes free trade and economic cooperation among the member countries.
- OPEC It keeps control on the rates of crude oil production among member states while APEC promotes regional and technical cooperation among members.
Solution 5(E)
Association of South East Asian Nations (ASEAN)
- To expand social and cultural harmony along with economic growth in South East Asia.
- To promote regional peace.
- To promote tax waivers for trade growth in member states.
Asia Pacific Economic Co-operation (APEC)
- To promote free trade and economic cooperation in the Asia-Pacific Ocean region.
- To promote regional and technical co-operation among members.
South Asian Association for Regional Cooperation (SAARC)
- Expanding social and cultural harmony along with economic growth in SE Asia
- Promoting regional peace
- Promoting tax waivers for trade growth in member states
Solution 5 (F)
- In the traditional system, the farmer sold his goods to the traders at lower prices as their goods were generally perishable. There was also a lack of avenues to sell his products.
- However, farmers now have many traders and companies to sell their products too. They have also started marketing their products.
- They advertise their products and also send sample products to various retail outlets.
- Farmers contact the supermarkets and exporters through the internet.
- Due to the above techniques followed by them, the farmers are now able to sell their products at higher prices.
- Thus, marketing is important for farmers as it helps them to increase their earning and improve their standard of living.
