Home › UP Board Class 10 › Social Science › c10globalisation › When Indian rice is exported to Saudi Arabia AND…
When Indian rice is exported to Saudi Arabia AND Thai rice is imported into India, the chapter calls this:
ALiberalisation of the rice market sector
BPrivatisation of the food supply chain
CForeign trade integrating markets
DEstablishment of an MNC in agriculture
Answer & Solution
Correct answer: C. Foreign trade integrating markets
Foreign trade links the markets of two countries: producers from one country sell to the other; consumers get a wider choice. Indian textiles, rice, garments compete with foreign ones in this integrated market.
Related questions
WTO rules have forced which group to remove trade barriers?Which group has unfairly retained trade barriers?How many countries are members of the WTO?At whose initiative was the WTO started?Which organisation aims to liberalise international trade?Removing barriers set by the government is known as:The government expected competition to improve producers':Far-reaching changes in Indian policy started around: