Class 12 Exam  >  Class 12 Questions  >  If trade deficit shows a balance of (-) 1,50... Start Learning for Free
If trade deficit shows a balance of ₹ (-) 1,500 crores and export of goods is ₹ 5,500 crores, value of import of goods will be
  • a)
    ₹ 6,000 crores
  • b)
    ₹ 7,000 crores
  • c)
    ₹ 75,00 crores
  • d)
    Can't be determined
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
If trade deficit shows a balance of (-) 1,500 crores and export of go...
Given: Trade deficit = (-)1,500 crores, Export of goods = 5,500 crores

To find: Import of goods

Calculation:

Trade balance = Export - Import
Trade deficit = (-)1,500 crores
Export of goods = 5,500 crores

Substituting the given values in the above equation, we get:

(-)1,500 crores = 5,500 crores - Import
Import = 5,500 crores + 1,500 crores
Import = 7,000 crores

Therefore, the value of import of goods will be 7,000 crores.

Answer: Option B
Free Test
Community Answer
If trade deficit shows a balance of (-) 1,500 crores and export of go...
Trade Balance = Export of Goods - Import of Goods
(-) ₹ 1,500 crores = ₹ 5,500 crores - Import of Goods
Import of Goods = ₹ 7,000 crores 
Explore Courses for Class 12 exam
If trade deficit shows a balance of (-) 1,500 crores and export of goods is 5,500 crores, value of import of goods will bea) 6,000 croresb) 7,000 croresc) 75,00 croresd)Cant be determinedCorrect answer is option 'B'. Can you explain this answer?
Question Description
If trade deficit shows a balance of (-) 1,500 crores and export of goods is 5,500 crores, value of import of goods will bea) 6,000 croresb) 7,000 croresc) 75,00 croresd)Cant be determinedCorrect answer is option 'B'. 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 trade deficit shows a balance of (-) 1,500 crores and export of goods is 5,500 crores, value of import of goods will bea) 6,000 croresb) 7,000 croresc) 75,00 croresd)Cant be determinedCorrect answer is option 'B'. 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 trade deficit shows a balance of (-) 1,500 crores and export of goods is 5,500 crores, value of import of goods will bea) 6,000 croresb) 7,000 croresc) 75,00 croresd)Cant be determinedCorrect answer is option 'B'. Can you explain this answer?.
Solutions for If trade deficit shows a balance of (-) 1,500 crores and export of goods is 5,500 crores, value of import of goods will bea) 6,000 croresb) 7,000 croresc) 75,00 croresd)Cant be determinedCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of If trade deficit shows a balance of (-) 1,500 crores and export of goods is 5,500 crores, value of import of goods will bea) 6,000 croresb) 7,000 croresc) 75,00 croresd)Cant be determinedCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of If trade deficit shows a balance of (-) 1,500 crores and export of goods is 5,500 crores, value of import of goods will bea) 6,000 croresb) 7,000 croresc) 75,00 croresd)Cant be determinedCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for If trade deficit shows a balance of (-) 1,500 crores and export of goods is 5,500 crores, value of import of goods will bea) 6,000 croresb) 7,000 croresc) 75,00 croresd)Cant be determinedCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of If trade deficit shows a balance of (-) 1,500 crores and export of goods is 5,500 crores, value of import of goods will bea) 6,000 croresb) 7,000 croresc) 75,00 croresd)Cant be determinedCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice If trade deficit shows a balance of (-) 1,500 crores and export of goods is 5,500 crores, value of import of goods will bea) 6,000 croresb) 7,000 croresc) 75,00 croresd)Cant be determinedCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Class 12 tests.
Explore Courses for Class 12 exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev