Worksheet: International Trade | Geography Class 12 - Humanities/Arts PDF Download

Fill in the Blanks

Q1: The Silk Route connected _____ to China.

Q2: _____ is the exchange of goods and services across national borders between countries.

Q3: Trade liberalization refers to the act of opening up economies for trade by reducing trade barriers such as _____.

Q4: The WTO (World Trade Organization) was formed on January 1, _____.

Q5: Bilateral trade occurs when _____ countries conduct trade with each other.

Q6: Ports provide facilities for docking, loading, unloading, and storing _____.

Q7: SAFTA (South Asian Free Trade Agreement) is a regional trade bloc of which country?

Q8: _____ is a principle of international trade that results in mutual benefits for trading partners.

Q9: _____ is responsible for regulating global trade rules and resolving disputes.

Q10: The barter system involved the direct exchange of _____.

Assertion and Reason Based

Q1: Assertion: The Silk Route played a significant role in early long-distance trade.
Reason: It connected Rome to China, enabling the exchange of valuable commodities.
(a) Both Assertion and Reason are true, and Reason is the correct explanation of Assertion.
(b) Both Assertion and Reason are true, but Reason is not the correct explanation of Assertion.
(c) Assertion is true, but Reason is false.
(d) Both Assertion and Reason are false.

Q2: Assertion: Bilateral trade involves multiple countries conducting trade.
Reason: Bilateral trade refers to trade between two specific countries.
(a) Both Assertion and Reason are true, and Reason is the correct explanation of Assertion.
(b) Both Assertion and Reason are true, but Reason is not the correct explanation of Assertion.
(c) Assertion is true, but Reason is false.
(d) Both Assertion and Reason are false.

Q3: Assertion: The WTO was formed in 1948.
Reason: The member countries wanted to regulate global trade and reduce customs tariffs.
(a) Both Assertion and Reason are true, and Reason is the correct explanation of Assertion.
(b) Both Assertion and Reason are true, but Reason is not the correct explanation of Assertion.
(c) Assertion is true, but Reason is false.
(d) Both Assertion and Reason are false.

Q4: Assertion: Ports handle various types of cargo.
Reason: Ports can be specialized for specific functions, such as oil processing.
(a) Both Assertion and Reason are true, and Reason is the correct explanation of Assertion.
(b) Both Assertion and Reason are true, but Reason is not the correct explanation of Assertion.
(c) Assertion is true, but Reason is false.
(d) Both Assertion and Reason are false.

Q5: Assertion: Trade liberalization enables products and services from any country to compete with domestic products and services.
Reason: Trade liberalization eliminates all trade barriers, ensuring fair competition.
(a) Both Assertion and Reason are true, and Reason is the correct explanation of Assertion.
(b) Both Assertion and Reason are true, but Reason is not the correct explanation of Assertion.
(c) Assertion is true, but Reason is false.
(d) Both Assertion and Reason are false.

Very Short Answer Type Questions

Q1: Name one precious metal transported along the Silk Route.

Q2: What is the main purpose of trade for countries?

Q3: Which country was one of the founding members of the WTO?

Q4: Define the balance of trade.

Q5: What is the purpose of regional trade blocs?

Q6: What principle does international trade operate on?

Q7: Name one function of ports in international trade.

Q8: What is the significance of the Silk Route in the history of international trade?

Q9: Define dumping in the context of international trade.

Q10: What is trade liberalization?

Short Answer Type Questions

Q1: Explain the impact of the Industrial Revolution on international trade.

Q2: Discuss the reasons behind the emergence of the barter system in early trade.

Q3: Describe the role of regional trade blocs in promoting international trade.

Q4: Explain the concept of balance of trade and its implications for a country.

Q5: Discuss the reasons for the transformation in the direction of international trade during the 19th century.

Q6: Explain the role of the World Trade Organization (WTO) in global trade.

Q7: Describe the types of ports in international trade.

Q8: Discuss the concerns related to international trade.

Long Answer Type Questions

Q1: Explain the historical evolution of international trade from the Silk Route to the modern era.

Q2: Discuss the impact of international trade on the economic development of nations.

Q3: Explain the role of the World Trade Organization (WTO) in resolving trade disputes among member countries.

Q4: Discuss the challenges faced by developing countries in international trade and the potential solutions.