Trade Balance = Value of Exports - Value of Imports. A Trade Deficit occurs when Imports > Exports.
Which one of the following terms refers to the difference between a country's total exports and total imports ?
Asked in UPSC Combined Section Officer 2021 22 · Topic: Trade Balance and Trade Deficit/Surplus (Definition of Trade Balance, Trade Surplus, and Trade Deficit)
More External Sector of Economy questions
- 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
- The difference between visible exports and visible imports is defined as :
- How many goods have been granted permission to export to China through the Nathula Pass?
- What is the significance of India having got a waiver from Nuclear Suppliers Group (NSG)?
- In May 2024, India and which African country has agreed to expedite the Local Currency Settlement System Agreement aimed to enhance bilateral trades? - Question not attempted
- In which of the following trade blocks is India an associate member ?