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Answer: Internal trade (home trade)

Concept: Internal trade is the exchange of goods and services between different regions within the political boundaries of the same country.

Explanation: Maharashtra and Punjab are both states of India, so purchase of wheat from Punjab is internal (inter-regional) trade. It uses the same currency and is not subject to customs duties, unlike foreign trade.

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report
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