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Who is an exporter? A)An exporter is a person who sells goods to foreign country B)An exporter is a person who buys goods from foreign country C)An exporter is a person who resides in a foreign country D)None of these

Who is an exporter?
A)An exporter is a person who sells goods to foreign country
B)An exporter is a person who buys goods from foreign country
C)An exporter is a person who resides in a foreign country
D)None of these

Grade:12th pass

1 Answers

Pawan Prajapati
askIITians Faculty 60796 Points
6 months ago
Export in layman terms means to sell the product outside the national boundary of the country. India generates a lot of revenue by exporting these items to countries to facilitate trade. Complete answer: India is a home to a lot of marketable products for example jute ,cotton ,rice, saffron, coffee, handicrafts, pharmaceuticals and many more. Now let's see the options:- An exporter is a person who sells goods to foreign country- according to the definition of export selling a product outside the national boundary is export and hence a person who sells goods to foreign country is an exporter .Hence this is the correct option. An exporter is a person who buys goods from a foreign country- a person who buys goods from a foreign country is known as an importer hence it is not the correct option. An exporter is a person who resides in a foreign country- a person who resides in a foreign country is known as a NRI or PIO hence it is the incorrect option. None of these- as option (A) an exporter is a person who sells goods to foreign country is the right answer thus it is the incorrect option . Therefore, the correct answer is option (A) An exporter is a person who sells goods to foreign country. Note: The exports of a country are very valuable as they help to maintain the inflow of foreign currency as well as reduce the fiscal deficit.Governments encourage exports. Exports increase jobs, bring in higher wages, and raise the standard of living for residents.

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