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12th Class Economics Financial Market / वित्तीय बाजार Question Bank MCQs - Balance of Payments

  • question_answer
    If value of exports is Rs. 5,000 crores and import of Rs. 3,050 crores, balance of trade shows

    A) Surplus of Rs. 1,950 crores

    B) Deficit of Rs. 1,950 crores

    C) Surplus of Rs. 5,000 crores

    D) Deficit of Rs. 3,050 crores

    Correct Answer: A

    Solution :

    Balance of trade is the difference between value of exports minus value of imports. In the given case, as exports exceeds imports there is a surplus amounting to Rs. 1,950 crores (5,000-3,050).


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