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CBSE 2021 Class 12 Economics Term 1 Paper

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Question : 44 of 60
Marks: +1, -0
If Balance of Trade of a nation shows deficit of 300\text{₹} 300 crores. The value of Exports are 400\text{₹} 400 crores and transfer payments are 50\text{₹} 50 crores. \text{₹} ______ crores will be the value of Imports.
(Choose the correct alternative)
Solution:  
(d) 700
Explanation:
BOT=ExportsImports\text{BOT} = \text{Exports} - \text{Imports}
300=400Imports-300 = 400 - \text{Imports}
Imports=400+300=700\text{Imports} = 400 + 300 = 700
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