Which of the following are types of international trade?
(a) Bilateral trade
(b) Unilateral trade
(c) Multi-lateral trade
(d) Collateral trade
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (a) and (c) only
International trade has two types: bilateral and multi-lateral.
(a) Bilateral trade — Correct. It is trade between two countries that agree to trade certain goods with each other.
(b) Unilateral trade — Incorrect. There is no such type of international trade.
(c) Multi-lateral trade — Correct. It is trade with many trading countries.
(d) Collateral trade — Incorrect. There is no such type of international trade.
NCERT (2026-27): “Types of International Trade … International trade may be categorised into two types: (a) Bilateral trade: Bilateral trade is done by two countries with each other. They enter into agreement to trade specified commodities amongst them.” “(b) Multi-lateral trade: As the term suggests multi-lateral trade is conducted with many trading countries.” |