Trade Routes and Global Trade MCQ Test: Trade Routes and Global Trade MCQs - Practice Questions
1. What term is used to describe a trade system where goods and services are exchanged without the use of money?
2. During the Renaissance, which city-state became a major center for trade and commerce, playing a crucial role in the economic and cultural development of Europe?
3. What organization, established in 1944, is responsible for providing loans to countries to support economic development and reduce poverty?
4. What economic term describes the situation where a country's currency is worth more compared to other currencies?
5. During the colonial era, which commodity became known as 'black gold' due to its economic significance and impact on global trade?
6. What is the term for a route that connected Europe, Asia, and Africa, facilitating the exchange of goods and cultural ideas?
7. Which historical trade route connected the ancient city of Timbuktu to North Africa, facilitating the trade of gold, salt, and other commodities?
8. What economic term refers to the policy of a government imposing restrictions on the import of certain goods to protect domestic industries?
9. What is the term for a trade agreement between three countries, often involving economic cooperation and coordination on various levels?
10. What term describes the practice of reducing or eliminating trade barriers between two or more countries to encourage economic cooperation?
11. During the Silk Road era, which item became known as the 'fabric of dreams' due to its rarity and value in trade?
12. In modern trade, what organization aims to promote international economic cooperation and development?
13. What modern trade agreement aims to promote economic cooperation among North American nations?
14. What term describes the practice of granting individuals or companies exclusive rights to engage in trade within a specific region or territory?
15. Which term refers to a situation where a country imports more goods than it exports, resulting in a negative trade balance?
16. Which historical trade route connected China to the Mediterranean, facilitating the exchange of goods like silk and spices?
17. Which ancient trade route connected the East and West, facilitating the exchange of goods, ideas, and culture?
18. What was a primary motivation for European exploration in the Age of Discovery?
19. Which unconventional trade network connected the ancient civilizations of Mesopotamia, facilitating the exchange of goods such as copper, pottery, and textiles?
20. What term describes a situation where a country encourages the export of goods and discourages the import of certain products?
21. What term describes a situation where two or more countries agree to reduce or eliminate barriers to trade between them?
22. Which unconventional trade route facilitated the movement of goods between the ancient Aztec civilization and neighboring cultures, exchanging items like obsidian, cocoa, and turquoise?
23. Which ancient trade network connected the Roman Empire to East Africa, India, and Southeast Asia, facilitating the exchange of goods and cultural influences?
24. During the Renaissance, which city-state became a major hub for banking, trade, and commerce, playing a central role in European finance?
25. What ancient trade network connected the civilizations of Africa, Asia, and Europe, fostering cultural exchange and economic activities?
26. What term refers to a situation where a country exports more goods than it imports, resulting in a positive trade balance?
27. In ancient times, what was a key commodity exchanged along the Trans-Saharan Trade Route?
28. Which ancient trade route connected the Roman Empire to the Han Dynasty, facilitating cultural exchange and trade between the East and West?
29. In modern international trade, what does the term 'FTA' stand for?
30. Which international organization, established in 1995, oversees global rules of trade between nations and resolves disputes related to trade agreements?