Understanding State Monopoly in Foreign Trade
The question asks for the term that describes the establishment of a state monopoly in foreign trade. This means that the government, rather than private businesses, is the sole entity allowed to conduct international trade operations.
Defining Canalisation
Canalisation is a trade policy where the government restricts foreign trade to specified channels or agencies, often establishing a state monopoly. This means all imports or exports must go through designated government bodies or state-controlled enterprises.
- It grants the state exclusive control over specific aspects of foreign trade.
- This is done to manage foreign exchange, protect domestic industries, or achieve specific economic goals.
- The term directly applies to the situation described in the question where the state establishes a monopoly.
Analyzing Other Options
Let's look at why the other options are not the best fit:
- Quota agreement: This involves setting limits (quotas) on the quantity of specific goods that can be imported or exported. It doesn't necessarily establish a state monopoly but restricts volumes.
- Anti-dumping: This refers to measures taken against dumping, which is when a country exports goods at a price lower than their domestic market price or production cost. It's a protective measure, not a system of state monopoly.
- Free trade: This is the opposite of a state monopoly. Free trade involves minimal government restrictions, allowing goods and services to be bought and sold across international borders with little to no tariffs, quotas, or other barriers.
Conclusion on Foreign Trade Monopoly
Based on the definitions, canalisation is the correct term for establishing a state monopoly in foreign trade, as it implies directing and controlling trade through state channels.
Important Questions from Miscellaneous
A stone is thrown horizontally from the top of a 20 m high building with a speed of 12 m/s. It hits the ground at a distance R from the building. Taking g = 10 m/s2 and neglecting air resistance will give :
A sphere of volume V is made of a material with lower density than water. While on Earth, it floats on water with its volume f1V (f1 < 1) submerged. On the other hand, on a spaceship accelerating with acceleration a < g (g is the acceleration due to gravity on Earth) in outer space, its submerged volume in water is f2V. Then:
A railway wagon (open at the top) of mass M1 is moving with speed v1 along a straight track. As a result of rain, after some time it gets partially filled with water so that the mass of the wagon becomes M2 and speed becomes v2. Taking the rain to be falling vertically and the water stationery inside the wagon, the relation between the two speeds v1 and v2 is :
Consider the following statements:
1. Distance between the longitudes becomes zero on North Pole and South Pole.
2. Distance between the longitudes is maximum on the Equator.
3. Number of longitudes is more than number of latitudes.
Which of the statements given above is/are correct?
One block of 2⋅0 kg mass is placed on top of another block of 3⋅0 kg mass. The coefficient of static friction between the two blocks is 0⋅2. The bottom block is pulled with a horizontal force F such that both the blocks move together without slipping. Taking acceleration due to gravity as 10 m/s2, the maximum value of the frictional force is :
