MCQ Geography Chapter 9 Trade Class 9 Maharashtra Board 1. What is trade defined as in the document? Producing goods Buying and selling of goods and services Transporting commodities Advertising productsQuestion 1 of 202. Who are the consumers in the context of trade? Producers Sellers Buyers WholesalersQuestion 2 of 203. What creates demand for products according to the document? Advertising Buying goods to satisfy wants Producing excess goods Government policiesQuestion 3 of 204. Where might retail sellers get commodities from? Directly from consumers Wholesale markets or factories Only local producers International traders onlyQuestion 4 of 205. What system was used for trade in ancient and medieval periods? Currency system Barter system Credit system Digital paymentQuestion 5 of 206. What was exchanged in the barter system? Money Goods for other goods Services for currency Land for laborQuestion 6 of 207. Why did the barter system face problems? Lack of goods Difficulty estimating proper prices No traders available Too much currencyQuestion 7 of 208. What type of trade involves buying and selling goods? Invisible trade Visible trade Bilateral trade Multilateral tradeQuestion 8 of 209. What is an example of invisible trade from the document? Buying vegetables Paying for a lawyer’s advice Selling books Exporting wheatQuestion 9 of 2010. What type of trade involves large-scale buying from producers? Retail trade Wholesale trade Local trade International tradeQuestion 10 of 2011. Who do wholesale traders sell to? Consumers Retail traders Producers ExportersQuestion 11 of 2012. What is an example of retail trade given in the document? Orchard owners selling to wholesalers Shopkeepers selling goods to consumers Farmers selling to factories Exporters sending goods abroadQuestion 12 of 2013. What type of trade occurs within the same country? International trade Domestic trade Bilateral trade Multilateral tradeQuestion 13 of 2014. What affects domestic trade according to the document? Global currency rates Size of the country and diversity Weather patterns Political electionsQuestion 14 of 2015. What is international trade? Trade within a city Exchange of goods and services between countries Trade between wholesalers and retailers Barter within a regionQuestion 15 of 2016. What is bilateral trade? Trade between more than two countries Trade within a country Trade between two countries Trade without currencyQuestion 16 of 2017. What is multilateral trade? Trade between two countries Trade between more than two countries Trade within a region Trade using barterQuestion 17 of 2018. What is importing? Selling excess goods to other countries Buying scarce goods from another country Trading within a country Producing goods locallyQuestion 18 of 2019. What is exporting? Buying goods from abroad Selling excess goods to countries with demand Trading services locally Producing goods for self-useQuestion 19 of 2020. What is the balance of trade? The total value of goods produced Difference between import and export values The amount of currency in a country The profit from domestic tradeQuestion 20 of 20 Loading...
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