New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Balance of trade is the

    _______________.
    A Difference between export and import of services Correct Answer Incorrect Answer
    B Total export and import of services Correct Answer Incorrect Answer
    C Difference between export and import of goods Correct Answer Incorrect Answer
    D Total export and import of goods Correct Answer Incorrect Answer

    Solution

    Balance of trade refers to the difference between the value of goods (exports) a country sells to other countries and the value of goods (imports) it buys. It provides insights into a nation's trade performance in terms of tangible items.

    Practice Next

    Relevant for Exams: