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Question : 2
Total: 60
Exports and Imports of which of the following items will be a component of 'Balance of Trade'?
(Choose the correct alternative)
(Choose the correct alternative)
Solution:
(c) Merchandise
Explanation: Export and import of merchandise is the component of balance of trade. BOT represents the difference between the export and import of visible items of trade.
Explanation: Export and import of merchandise is the component of balance of trade. BOT represents the difference between the export and import of visible items of trade.
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