What is the difference between import and export in trade?
Answer and explanation
Correct answer: Import means bringing in goods from outside and export means sending goods outside
The governing concept is the direction of movement in trade. An import is a good brought into a country or region from an outside source, while an export is a good sent from that country or region to another place. Thus imports come in and exports go out. Option C reverses the definitions, whereas A and B describe neither term accurately. Therefore, option D is correct.
Frequently asked questions
What is the correct answer to this question?
Import means bringing in goods from outside and export means sending goods outside
Why is this the correct answer?
The governing concept is the direction of movement in trade. An import is a good brought into a country or region from an outside source, while an export is a good sent from that country or region to another place. Thus imports come in and exports go out. Option C reverses the definitions, whereas A and B describe neither term accurately. Therefore, option D is correct.
Which subject and chapter does this question cover?
This is a Class 12 History question. Chapter: Bricks, Beads and Bones. Topic: trade.
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