{"id":24762,"date":"2024-04-15T06:51:03","date_gmt":"2024-04-15T06:51:03","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=24762"},"modified":"2024-04-15T06:51:03","modified_gmt":"2024-04-15T06:51:03","slug":"importing-goods-for-the-purpose-of-re-export-is-termed-as-___________-a-entrepot-trade-b-import-trade-c-export-trade-d-wholesale-trade","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/importing-goods-for-the-purpose-of-re-export-is-termed-as-___________-a-entrepot-trade-b-import-trade-c-export-trade-d-wholesale-trade\/","title":{"rendered":"Importing goods for the purpose of re-export is termed as ___________. A. Entrepot trade B. Import trade C. Export trade D. wholesale trade"},"content":{"rendered":"

[amp_mcq option1=”Entrepot trade” option2=”Import trade” option3=”Export trade” option4=”wholesale trade” correct=”option1″]<\/p>\n

The correct answer is A. Entrepot trade.<\/p>\n

Entrepot trade is a type of international trade in which goods are imported into a country for the purpose of re-exporting them to another country. The goods are not consumed in the country of import, but are instead stored and then shipped to another country.<\/p>\n

Entrepot trade can be beneficial for both the country of import and the country of export. The country of import can benefit from the increased trade and economic activity, while the country of export can benefit from the increased demand for its goods.<\/p>\n

Entrepot trade is often used by countries that are not able to produce all of the goods that they need, or that do not have the infrastructure to export goods directly. Entrepot trade can also be used by countries that want to avoid tariffs or other trade barriers.<\/p>\n

Here is a brief explanation of each option:<\/p>\n