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What is the value of adverse balance of trade in India in 2011?
  • a)
    X 405,989 crore
  • b)
    X 540,818 crore
  • c)
    X 103,976 crore
  • d)
    X 450,112 crore
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the value of adverse balance of trade in India in 2011?a)X 405...
The correct answer is option B) X 540,818 crore.

Explanation:
The adverse balance of trade refers to a situation where a country's imports exceed its exports, resulting in a deficit in the trade balance. In other words, it represents a negative value indicating that the country is importing more goods and services than it is exporting.

In 2011, India experienced an adverse balance of trade, indicating a trade deficit. The value of this deficit in 2011 was X 540,818 crore.

To understand this further, let's break down the answer and explain it in detail:

1. Definition of adverse balance of trade:
- Adverse balance of trade is a situation where a country's imports exceed its exports.
- It represents a trade deficit, indicating that the country is buying more goods and services from other countries than it is selling to them.

2. The value of adverse balance of trade in India in 2011:
- According to the given options, the correct answer is option B) X 540,818 crore.
- This means that India's imports exceeded its exports by X 540,818 crore in 2011.
- The negative value indicates a trade deficit, highlighting that India was importing more than it was exporting during that period.

It is important to note that the given options are in terms of crore, which is a unit used in the Indian numbering system equivalent to ten million. Therefore, the value X 540,818 crore represents a significant trade deficit for India in 2011.

Overall, the adverse balance of trade in India in 2011 was X 540,818 crore, indicating a trade deficit where imports exceeded exports.
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