international trade class 12 - Geography Ebooks | TheGeoecologist

Question 1

What is the difference between Balance of Trade and Balance of Payments in International Trade Class 12?

Accepted Answer

Balance of Trade (BoT) records only visible goods (merchandise) exports and imports, while Balance of Payments (BoP) is a comprehensive record including goods, services, capital transfers, and financial flows. BoT is a subset of BoP's current account.

Question 2

Which are the top 3 exports of India according to International Trade Class 12 NCERT?

Accepted Answer

Engineering goods, petroleum products, and gems & jewelry are India's top three merchandise export categories. IT/ITES services constitute ~40% of total exports when services are included.

Question 3

How many major ports does India have and which is the largest container port?

Accepted Answer

India has 13 major ports. Jawaharlal Nehru Port Trust (JNPT) at Nhava Sheva, Navi Mumbai is the largest container port handling approximately 55% of India's containerized cargo traffic.

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International Trade Class 12: Complete NCERT Geography Chapter 8 Guide