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: Jan 14, 2026
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Solution and Explanation

Industrialised nations' exports comprise machinery, finished goods, and manufactured items. These nations engage in trade with agriculturally significant countries, exchanging these products for imported food grains and raw materials.
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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: Jan 14, 2026
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Solution and Explanation

Attracting foreign investment can stimulate trade in developing nations, fostering capital-intensive sectors like mining, oil extraction, heavy manufacturing, and large-scale agriculture. Such growth can generate demand for industrial goods from developed countries, thereby increasing total trade.
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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: Jan 14, 2026
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Solution and Explanation

Industrialized nations' finished goods are largely purchased by developing countries. These nations frequently lack the necessary infrastructure and technology for domestic production, leading them to import these items from industrialized countries.
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