Maharashtra Board Class 12 Solutions for Economics Chapter 10 Foreign Trade of India

This chapter describes what foreign trade is and its significance in the Indian economy. The exchange and transactions on the foreign ground between India and other countries are called foreign trade. In this trade, commodities, goods, and services are exchanged between India and other countries.

This chapter will explain this term with a proper definition and description. You will come to know three different types of foreign trade such as import, export, and entrepot trade. The import and export trade is an action where two countries are involved. On the other hand, entrepot trade is an economic activity where a country buys goods and services from one country and sells them to another.

This chapter will also explain the importance and significance of foreign trade for the development of the Indian economy. You will understand why a country needs foreign trade and how it can rely on it.

To make this easier, you can refer to the Maharashtra Board Class 12 Economics solutions Chapter 10 Foreign Trade of India compiled by the experts to prepare this chapter well.

Benefits of India’s Foreign Trade Class 12 Economics Solutions

• The vivid chapter has been covered efficiently in these solutions. The experts have followed the Maharashtra Board syllabus and covered all the conceptual aspects of this chapter in simpler versions. You can use these solutions to memorise and recall the concepts to write the right answers to exam questions.

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• Focus on solving the Foreign Trade of India exercise questions once you are done preparing this chapter. Find out how the experts have solved the questions and develop your answering skills to score more in the board exam.

Download Foreign Trade of India exercise Solutions

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