Start learning →

AP Intermediate 2nd Year Unit 6B: International Trade and Trade Barriers — practice questions

Explore 7 free Unit 6B: International Trade and Trade Barriers questions in AP Intermediate 2nd Year Economics. Open each question or exercise to read its content, reference answers and available explanation.

Practise Unit 6B: International Trade and Trade Barriers with Quill →

Unit 6B: International Trade and Trade Barriers questions and exercises with answers

Showing questions 1–7 of 7.

The World Trade Organisation aims to:Read the answer and worked solution →How many countries are members of the WTO, per the text?Read the answer and worked solution →Industrial zones with world class facilities set up to attract foreign investment are called:Read the answer and worked solution →Catch the globalisation driversRead the answer and worked solution →Pop the MNC methodsRead the answer and worked solution →Run the globalisation numbersRead the answer and worked solution →Slice the globalisation wordsRead the answer and worked solution →

Worked practice questions

The World Trade Organisation aims to:

  1. Lend money to poor nations
  2. Liberalise international trade
  3. Protect every domestic farmer
  4. Fix all exchange rates daily
Show answer and solution

Correct answer: B. Liberalise international trade

1. It was started by developed countries. 2. The WTO aims to liberalise trade. 3. It sets and enforces trade rules. _Source: syllabus Understanding Economic Development, Chapter 4, Globalisation and the Indian Economy._

Open this question →

How many countries are members of the WTO, per the text?

  1. 194
  2. 64
  3. 164
  4. 124
Show answer and solution

Correct answer: C. 164

1. Developed countries have kept some barriers. 2. 164 countries are members. 3. Developing countries were forced to open up. _Source: syllabus Understanding Economic Development, Chapter 4, Globalisation and the Indian Economy._

Open this question →

Industrial zones with world class facilities set up to attract foreign investment are called:

  1. Free Trade Ports
  2. Export Villages
  3. Industrial Estates
  4. Special Economic Zones
Show answer and solution

Correct answer: D. Special Economic Zones

1. Units there pay no taxes for an initial period. 2. They are Special Economic Zones. 3. Labour laws were also made flexible. _Source: syllabus Understanding Economic Development, Chapter 4, Globalisation and the Indian Economy._

Open this question →

How to practise

  1. Choose a Unit 6B: International Trade and Trade Barriers question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

Put it into practice

Continue with Unit 6B: International Trade and Trade Barriers practice for AP Intermediate 2nd Year. Read explanations as you go. No signup form needed to start.

Practise Unit 6B: International Trade and Trade Barriers →

More Economics topics

Macroeconomics: Income, Budget & BankingDetermination of Income and EmploymentOpen Economy MacroeconomicsIntroduction to MicroeconomicsIndian Economy & Economic DevelopmentGovernment Budget and the EconomyMoney and BankingNational Income Accounting