Advertisements
Advertisements
Question
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?
Options
Improvement in balance of trade
Increase in trade deficit
Improvement in balance in invisibles items
Deterioration of balance of trade
Solution
Improvement in balance of trade
APPEARS IN
RELATED QUESTIONS
Distinguish between balance of trade and balance on current account?
Foreign capital long-term loan and foreign currency reserve are recorded under ______.
What do you mean by Balance of trade?
Mention the components of banking capital.
Mention the components of official capital.
State the components of capital account.
Distinguish balance of payment and balance of trade
Highlight the features of balance of trade.
In which of the following categories are economic transactions of balance of trade recorded?
Trade of visible items between the countries is known as ______.
When there is a favourable balance of trade?
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 that the Balance of Trade (BOT) of a nation, exhibits a surplus of ₹ 20,000 crores. The import of merchandise of the nation is half of the exports of merchandise to the rest of the world.
The value of exports would be ₹ ____________ crores.
Read the following statements - Assertion (A) and Reason(R), Choose one of the correct alternatives given below:
Assertion (A): If the receipts and payments on the current account are equal to each other, it depicts a situation of Current Account Surplus.
Reason (R): A surplus current account means that the nation is a lender to other countries and a deficit current account means that the nation is a borrower from other countries.
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.
