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8. Write the full form of GATT.
9. List out the types of foreign trade.
10. Write the full form of SAFTA.

Give short answer to the following questions.

1. Why is trade necessary? Mention any four similarities between home trade and
foreign trade.
2. What is trade? Explain any four procedures of home trade in order.
3. Explain any five means of payment used in foreign trade.
4. Why is foreign trade necessary? Mention any four documents used in both
home trade and foreign trade.
5. Explain five types of invoice used in trade.
6. Explain any five terms and conditions of foreign trade.
7. 'Trade acts as a mediator between producer and consumer.' Justify the statement
and also explain three common means of payment used in trade.
8. Introduce WTO and mention its functions.
9. What is invoice? Mention its needs and importance in trade.
10. Introduce SAFTA and discuss its role in the South Asian countries.

One very short question of one mark and one short question of 5 marks
will be asked from this unit.

36 Office Practice and Accounting 10