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Question
The balance of trade shows a deficit of ₹300 crore. The value of exports is ₹500 crore. What is the value of imports?
Options
₹800 crore
₹200 crore
₹500 crore
₹300 crore
MCQ
Solution
₹800 crore
Explanation:
Balance of Trade = -₹300 crore
Value of exports = ₹500 crore
Balance of trade (Deficit) = value of Exports - Imports
Imports = Exports - Balance of trade (deficit)
= ₹500 crore - (-₹300 crore) = ₹800 crore
shaalaa.com
Balance of Payments - Balance of Payments Surplus and Deficit
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