Commercial Applications
Entrepot Trade means
- Importing goods from one or more countries with the purpose of exporting them to some other country or countries.
- Purchasing goods and services from other countries.
- Selling goods and services to other countries.
- None of these
Answer
Importing goods from one or more countries with the purpose of exporting them to some other country or countries.
Reason — Entrepot trade (also known as 're-export trade') means importing goods from one or more countries with the purpose of exporting them to some other country or countries. For example, Indian companies import latex from Thailand and export it to Japan. Option 2 refers to import trade, and option 3 refers to export trade.
Related Questions
Which of the following hindrances does not arise in the exchange of goods and services?
- Hindrance of production
- Hindrance of time
- Hindrance of risk
- Hindrance of finance
Statement I: Trade means the sale, transfer or exchange of goods may be for cash or credit.
Statement II: Traders serve as link between producers and consumers.
- Statement I is wrong
- Statement II is wrong
- Both I and II are correct but II is not an explanation of I
- Both I and II are correct and statement I is an explanation of II
What is the meaning of 'Organisation'?
- An institutional arrangement to carry on some business activity.
- It is an incorporated association of persons created by law.
- A group of persons who join together to achieve some common objectives.
- None of these
What is the nature of activity of banking and finance companies?
- These organisations are engaged in designing and preparing advertisements.
- These organisations are engaged in accepting deposits and lending money.
- These organisations are engaged in storing and preserving goods on hire.
- These organisations are engaged in buying and selling of goods.