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Consider the following statements about the Balance of Trade (BOT). 1. BOT is said to be in balance when exports of goods are more than the imports of goods2. Export of goods is entered as a credit item in BOT, whereas import of goods is entered as a debit item in BOTWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) None of themCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about the Balance of Trade (BOT). 1. BOT is said to be in balance when exports of goods are more than the imports of goods2. Export of goods is entered as a credit item in BOT, whereas import of goods is entered as a debit item in BOTWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) None of themCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about the Balance of Trade (BOT). 1. BOT is said to be in balance when exports of goods are more than the imports of goods2. Export of goods is entered as a credit item in BOT, whereas import of goods is entered as a debit item in BOTWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) None of themCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Consider the following statements about the Balance of Trade (BOT). 1. BOT is said to be in balance when exports of goods are more than the imports of goods2. Export of goods is entered as a credit item in BOT, whereas import of goods is entered as a debit item in BOTWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) None of themCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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