Business, Trade and Commerce · Class 11 · CBSE · Commerce Business Studies
A textile manufacturer in India exports cotton garments to a retail chain in the United States. What type of international trade does this transactio…
Practice question from Business, Trade and Commerce (Class 11 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
easy · MCQ · Q-846ED7
A textile manufacturer in India exports cotton garments to a retail chain in the United States. What type of international trade does this transaction represent?
- A.Import trade
- B.Export tradeCorrect answer
- C.Entrepot trade
- D.Internal trade
Solution
When goods are sent from one country to another for sale, it is known as export trade. Here, goods are moving out of India.
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