International Trade (Part – IV)

Total Questions: 22

21. Invisible Export means export of: [U.P.P.C.S. (Mains) 2007, U.P.P.C.S. (Pre) 2006]

(a) Services
(b) Prohibited goods
(c) Unrecorded goods
(d) Goods through smuggling

Correct Answer: (a) Services

Solution:In Economy, export of services is known as invisible export. Invisible export does not involve the goods or tangible objects. It mostly includes service sectors like tourism, banking, insurance, software services, financial services, advertising etc.

22. Entrepot trade means: [U.P.P.C.S. (Mains) 2002]

(a) Export trade
(b) Import trade
(c) Coastal trade
(d) Goods imported for export

Correct Answer: (d) Goods imported for export

Solution:The term entrepot, also called a trans-shipment port and historically referred to as a port city, is a trading post, port, city, or warehouse where merchandise may be imported, stored, or traded before re-export, with no additional processing taking place and with no customs duties imposed. Hence option (d) is the correct answer.

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International Trade (Part – IV)

21. Invisible Export means export of: [U.P.P.C.S. (Mains) 2007, U.P.P.C.S. (Pre) 2006]

22. Entrepot trade means: [U.P.P.C.S. (Mains) 2002]

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