Multiple Choice Questions on Invisible trade is a trade ........ for General Studies (Level 1) Preparation

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Indian Economy (Easy)

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Indian Economy - Understanding the basics of Indian economic system

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     Invisible trade is a trade

    Of corporate and financial institutions with government

    Incorrect Answer

    Of government with public institutions

    Incorrect Answer

    Of government with other countries

    Incorrect Answer

    Of the services like the banks, marine companies and shipping companies

    Correct Answer
    Explanation:

    An invisible trade is an international transaction that does not include an exchange of tangible goods. Customer service outsourcing, overseas banking transactions, and the medical tourism industry all are examples of invisible trade.


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