According to provisional data released by the Ministry of Commerce and Industry, Government of India, the overall trade deficit (merchandise and services combined) for India in December 2022 was estimated at USD 11.98 billion. A trade deficit implies that imports exceeded exports, resulting in a negative balance.
The trade balance of India (merchandise and services) for December 2022 (provisional) is...
Asked in BPSC Prelims Exam 68th · Topic: Trade Balance and Trade Deficit/Surplus (Components of Trade Balance: Merchandise Trade and Services Trade)
Show answer
Answer: C. (-) 11.98 USD billion
More External Sector of Economy questions
- India's total export of IT, ITES and BPO services grew by how much in 2014-15, according to RBI data?
- Which sector played a key role in cushioning India's overall trade deficit in the financial year 2023 – 24 ?
- purchases of foreign made goods and services by domestic household is called as -
- Under whose leadership was suppression of Thugs achieved?
- Which one of the following terms refers to the difference between a country's total exports and total imports ?
- The tax on import and export is known as:
- The situation where a country simultaneously imports and exports the same product is called
- Among the following, which indicators are the part of 'Trade Related to Intellectual Property Rights (TRIPS)'? A. Copyrights B. Trademarks C. Patents D. Geographical indications Select the correct answer using code given below : Code : - Question not attempted