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Among the following persons, who all have participated in international trade? (A) An Afghan person visiting Delhi for medical treatment. (B) An
Question

Among the following persons, who all have participated in international trade?
(A) An Afghan person visiting Delhi for medical treatment.
(B) An Uzbek clothes trader purchasing garments from a manufacturer in Noida.
(C) A Person of Indian Origin (PIO) from Canada visiting Rajasthan for a holiday to learn about their heritage.

A.

Only (B) and (C)

B.

Only (A) and (C)

C.

(A), (B) and (C)

D.

Only (A) and (B)

Correct option is C

Correct Answer: (A), (B), and (C)
Explanation:
Statement (A), An Afghan person visiting Delhi for medical treatment, is considered as part of international trade in the broader context of services trade. The Afghan individual is engaging in cross-border exchange for medical services, which is a form of international trade under the category of trade in services.
Statement (B), An Uzbek clothes trader purchasing garments from a manufacturer in Noida, is a direct example of international trade in goods. This transaction represents an import/export activity where goods (garments) are traded across borders.
Statement (C), A Person of Indian Origin (PIO) from Canada visiting Rajasthan for a holiday to learn about their heritage, also contributes to international trade in the form of tourism services. Tourism is a vital sector of international trade, as it involves the exchange of services between countries. In this case, the Canadian visitor is part of the trade in tourism, spending money on services like accommodation, transportation, and sightseeing in India.
Information Booster:
→ International trade includes not just the exchange of goods but also the trade in services such as tourism, education, healthcare, and financial services.
→ Trade in services can be categorized into various forms, including travel, education, and medical tourism, which have become significant parts of international trade.
→ The global economy is increasingly interconnected, with cross-border transactions involving both tangible goods and intangible services.
→ Tourism is one of the largest service sectors in international trade, with millions of people crossing borders for leisure, education, or medical reasons.
→ Transactions in international trade are not limited to traditional goods but also include new and emerging sectors like digital services, e-commerce, and intellectual property.

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