1. In _______ export and import of specific commodities are entrusted to government trading organisations or departments. (a) centrally planned economies (b) free enterprise economies (c) mixed...

1. In _______ export and import of specific commodities are entrusted to government trading organisations or departments. (a) centrally planned economies (b) free enterprise economies (c) mixed economies (d) all of these

2. State trading is more popular practice in the developing economies because (a) such countries generally do not have adequately developed private sector (b) private sector bodies, though possessing adequate trading expertise, are solely motivated by profit consideration. (c) both (a) and (b) (d) none of these

3. In the case of _______ government enters the market for purchasing commodities directly from producers at notified procurement prices, and undertakes the distribution of commodities to consumers through a network of fair price shops. (a) partial state trading (b) complete state trading (c) both (a) and (b) (d) none of these

4. _______ serve as commercial intermediaries between suppliers and buyers located in different countries. To this end they adopt the role of merchants and trade facilitators. (a) Public private partnership firms (b) International trade promotion organizations (c) International trading houses (d) None of these