Comprehension

Read the given passage carefully and answer the questions that follow :

In agriculturally important countries, agro products are exchanged for manufactured goods, whereas industrialised nations export machinery and finished products and import food grains and other raw materials. Foreign investment can boost trade in developing countries which lack in capital required for the development of mining, oil drilling, heavy engineering, lumbering and plantation agriculture. By developing such capital intensive industries in developing countries, the industrial nations ensure import of food stuffs, minerals and create markets for their finished products. This entire cycle steps up the volume of trade between nations.

Question: 1

What types of items are exported by the industrialised nations?

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Industrialized nations primarily export finished goods and machinery, which are essential for the infrastructure and technological development of developing countries.
Updated On: Jun 30, 2025
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Solution and Explanation

Industrialised nations export machinery, finished products, and other manufactured goods. These countries rely on these products to trade with agriculturally important nations, while importing food grains and raw materials in return.
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Question: 2

Mention the way by which trade could be boosted in developing countries.

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Foreign investment in capital-intensive industries is key to boosting trade in developing nations, as it helps them produce goods needed by industrialized nations.
Updated On: Jun 30, 2025
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Solution and Explanation

Trade could be boosted in developing countries by attracting foreign investment, which can help develop capital-intensive industries such as mining, oil drilling, heavy engineering, and plantation agriculture. These developments can create markets for manufactured goods from industrial nations and boost the overall trade volume.
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Question: 3

Finished products of industrialised nations find the market in which types of countries?

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Finished products from industrialized nations typically find markets in developing countries, where there is a demand for technology and goods not locally produced.
Updated On: Jun 30, 2025
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Solution and Explanation

Finished products of industrialised nations primarily find the market in developing countries. These countries often lack the infrastructure and technology to produce such goods and therefore import them from industrialised nations.
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