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प्रश्न
Highlight the features of balance of trade.
उत्तर
- Balance of trade is statement showing the net effect of export and import of a country.
- It records only transactions, relating to merchandise, i.e. goods transactions.
- It does not record capital transactions.
- It is part of current account of BOP.
- It may be at favorable or unfavourable or in equilibrium state.
- It is not true indicator of economic prosperity or economic relations of country. Unfavourable balance of trade can be converted into favorable balance of payment.
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संबंधित प्रश्न
Mention the components of banking capital.
Mention the components of official capital.
State the components of capital account.
Write down the structure of capital account
When there is a favourable balance of trade?
Balance of trade is measured as ______.
If balance of trade is (-) Rs. 600 crore and value of exports is Rs. 500 crore then the value of imports will be ______.
Read the following statements -Assertion (A) and Reason(R), choose one of the correct alternatives given below:
Assertion (A): Trade of invisible items between two nations is a part of capital account of Balance of Payment
Reason(R): Transactions that affect the asset-liability status of a country in relation to the rest of the world are known as Capital Account transactions.
Suppose, following data is presented, for an imaginary economy:
| Year | Visible Exports | Visible Imports |
| 2010 | 280 | 240 |
| 2020 | 580 | 460 |
Identify, which of the statement about the period 2010 to 2020 is correct?
Assuming that, the following data is given for an imaginary economy:
| Year → | 2020 (₹ in Cr.) |
2021 (₹ in Cr.) |
| Items ↓ | ||
| Exports of visibles | 1,000 | 1,100 |
| Imports of visibles | 800 | 850 |
The balance of Trade from 2020 to 2021 ______ by ₹ ______ crore.
