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Question

Balance of Trade is measured as:

This question was previously asked in
SSC CGL 2020 (Tier-2) Statistics Previous Year Paper 3 (28-Jan-2022)
The correct answer is

the difference between export and import of goods

Balance of Trade (BOT) is defined as the difference between a country's exports and imports of goods over a certain period. It does not include services. Therefore, the correct answer is: the difference between export and import of goods.

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Similar Questions

  1. The Balance of Payment Account of an economy is related to the ________.

  2. Which of the following statements is correct?

  3. Which of the following statements is INCORRECT?


Important Questions from Balance of payments (BOP)

  1. If there is a balance of payments deficit then in a floating exchange rate system :
  2. Devaluation, will improve the balance of payment deficit, if sum of elasticity of exports and imports of the devaluing country is :
  3. Match the following :
     

    List – IList – II
    a. Sum of price elasticity of demand for exports and imports greater than unity.1. J-curve effect
    b. Balance of Payments is the difference between National Income and expenditure2. Import quota systems
    c. Empirical evidence showing lower short run price elasticities of exports and imports.3. Marshall-Lerner condition
    d. Method to cut down imports4. Absorption approach


    Select correct code :
    Codes :
     

  4. Which amongst the following is included in the Capital account of the Balance of payments ?
    I. Foreign loans
    II. Foreign Direct Investment
    III. Private Remittances
    Choose the correct answer from the codes below :
    Codes :
  5. A deficit or surplus in the India’s balance of payments is measured by the net balance of
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