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Question : 8
Total: 52
Assuming that, the following data is given for an imaginary economy:
The balance of Trade from 2020 to 2021 _____ by ₹ crore. (Choose the correct alternative)
| Year → Items ↓ | 2020 (₹ in Cr.) | 2021 (₹ in Cr.) |
|---|---|---|
| Exports of visibles | 1,000 | 1,100 |
| Imports of visibles | 800 | 850 |
Solution:
increased, 50
Explanation: Balance of Trade( B O T ) =
BOT( 2020 ) = 1 , 000 − 800 = 200
BOT( 2021 ) = 1 , 100 − 850 = 250
BOT has increased from 50 crores from 2020 to 2021.
Explanation: Balance of Trade
BOT
BOT
BOT has increased from 50 crores from 2020 to 2021.
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