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If value of exports is ₹ 5,000 crores and import of ₹ 3,050 crores, balance of trade shows
- a)Surplus of ₹ 1,950 crores
- b)Deficit of ₹1,950 crores
- c)Surplus of ₹ 5,000 crores
- d)Deficit of ₹ 3,050 crores
Correct answer is option 'A'. Can you explain this answer?
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If value of exports is 5,000 crores and import of 3,050 crores, bala...
Balance of Trade Calculation
The balance of trade is the difference between a country's exports and imports of goods and services. A positive balance of trade indicates that a country's exports are greater than its imports, while a negative balance of trade indicates that a country's imports are greater than its exports.
Given the following information:
Exports = 5,000 crores
Imports = 3,050 crores
To calculate the balance of trade, we subtract imports from exports:
Balance of Trade = Exports - Imports
Balance of Trade = 5,000 - 3,050
Balance of Trade = 1,950 crores
Therefore, the correct answer is option 'A', which states that there is a surplus of 1,950 crores in the balance of trade.
The balance of trade is the difference between a country's exports and imports of goods and services. A positive balance of trade indicates that a country's exports are greater than its imports, while a negative balance of trade indicates that a country's imports are greater than its exports.
Given the following information:
Exports = 5,000 crores
Imports = 3,050 crores
To calculate the balance of trade, we subtract imports from exports:
Balance of Trade = Exports - Imports
Balance of Trade = 5,000 - 3,050
Balance of Trade = 1,950 crores
Therefore, the correct answer is option 'A', which states that there is a surplus of 1,950 crores in the balance of trade.
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If value of exports is 5,000 crores and import of 3,050 crores, bala...
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 ₹ 1,950 crores (5,000-3,050).
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If value of exports is 5,000 crores and import of 3,050 crores, balance of trade showsa)Surplus of 1,950 croresb)Deficit of 1,950 croresc)Surplus of 5,000 croresd)Deficit of 3,050 croresCorrect answer is option 'A'. Can you explain this answer?
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If value of exports is 5,000 crores and import of 3,050 crores, balance of trade showsa)Surplus of 1,950 croresb)Deficit of 1,950 croresc)Surplus of 5,000 croresd)Deficit of 3,050 croresCorrect answer is option 'A'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about If value of exports is 5,000 crores and import of 3,050 crores, balance of trade showsa)Surplus of 1,950 croresb)Deficit of 1,950 croresc)Surplus of 5,000 croresd)Deficit of 3,050 croresCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If value of exports is 5,000 crores and import of 3,050 crores, balance of trade showsa)Surplus of 1,950 croresb)Deficit of 1,950 croresc)Surplus of 5,000 croresd)Deficit of 3,050 croresCorrect answer is option 'A'. Can you explain this answer?.
If value of exports is 5,000 crores and import of 3,050 crores, balance of trade showsa)Surplus of 1,950 croresb)Deficit of 1,950 croresc)Surplus of 5,000 croresd)Deficit of 3,050 croresCorrect answer is option 'A'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about If value of exports is 5,000 crores and import of 3,050 crores, balance of trade showsa)Surplus of 1,950 croresb)Deficit of 1,950 croresc)Surplus of 5,000 croresd)Deficit of 3,050 croresCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If value of exports is 5,000 crores and import of 3,050 crores, balance of trade showsa)Surplus of 1,950 croresb)Deficit of 1,950 croresc)Surplus of 5,000 croresd)Deficit of 3,050 croresCorrect answer is option 'A'. Can you explain this answer?.
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