B Com Exam > B Com Videos > Indian Economy > Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy
Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy Video Lecture | Indian Economy - B Com
|
46 videos|48 docs|23 tests
|
FAQs on Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy Video Lecture - Indian Economy - B Com
| 1. What is the balance of trade? |  |
Ans. The balance of trade refers to the difference between the value of a country's exports and the value of its imports. If a country's exports exceed its imports, it has a trade surplus. Conversely, if a country's imports exceed its exports, it has a trade deficit.
| 2. What is the balance of payments? | |
Ans. The balance of payments is a record of all economic transactions between a country and the rest of the world during a specific period, typically a year. It includes both the current account, which measures the flow of goods, services, and income, and the capital account, which measures the flow of financial capital.
| 3. What are the sector-wise trends in India's balance of trade and balance of payments? | |
Ans. In India, the services sector has been a major driver of the balance of payments surplus, while the merchandise trade balance has been a consistent source of deficit. The IT and IT-enabled services sector, as well as the remittances from Indian workers abroad, have contributed significantly to the surplus in the services account.
| 4. What are the issues related to India's balance of trade and balance of payments? | |
Ans. Some of the key issues related to India's balance of trade and balance of payments include the high dependence on oil imports, the growing trade deficit with China, the volatility in global commodity prices, and the impact of exchange rate fluctuations on export competitiveness.
| 5. How does the balance of trade and balance of payments impact the Indian economy? | |
Ans. The balance of trade and balance of payments play a crucial role in determining the overall health of the Indian economy. A sustained trade deficit can put pressure on the country's foreign exchange reserves and currency value, while a surplus can contribute to economic growth and stability. Additionally, the balance of payments position reflects the country's ability to attract foreign investment and finance its current account deficit.
Related Exams
About this Video
|
4.95/5 Rating |
|
Dec 23, 2024 Last updated |
Video Description: Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy for B Com 2024 is part of Indian Economy preparation.
The notes and questions for Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy have been prepared according to the B Com exam syllabus.
Information about Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy.
Introduction of Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy in English is available as part of our Indian Economy for B Com & Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy in
Hindi for Indian Economy course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy Video Lecture | Indian Economy - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Indian Economy.
Information about Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy
Here you can find the meaning of Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy defined & explained in the simplest way possible.
Besides explaining types of Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy theory, EduRev gives you an ample number of questions to practice Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy tests,
examples and also practice B Com tests.
|
46 videos|48 docs|23 tests
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Objective type Questions
,Exam
,Balance of Trade & Balance of Payments - Sector-wise Trends and Issues
,Previous Year Questions with Solutions
,Extra Questions
,past year papers
,Viva Questions
,Balance of Trade & Balance of Payments - Sector-wise Trends and Issues
,Important questions
,Summary
,shortcuts and tricks
,video lectures
,practice quizzes
,mock tests for examination
,Indian Economy Video Lecture | Indian Economy - B Com
,Free
,Balance of Trade & Balance of Payments - Sector-wise Trends and Issues
,ppt
,Indian Economy Video Lecture | Indian Economy - B Com
,Indian Economy Video Lecture | Indian Economy - B Com
,MCQs
,study material
,Sample Paper
,Semester Notes
;
Study Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy on the App
Students of B Com can study Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Balance of Trade & Balance of Payments - Sector-wise Trends and Issues, Indian Economy is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup