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Exports and Imports of which of the following items will be component of 'Balance of Trade'? - Economics

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प्रश्न

Exports and Imports of which of the following items will be component of 'Balance of Trade'?

विकल्प

  • Banking

  • Shipping

  • Merchandise

  • Insurance

MCQ
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उत्तर

Merchandise

Explanation:

The balance of trade only records merchandise, or goods. Export and import of products are documented in BOT, while import and export of goods and services are recorded in Balance of Payments.

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2021-2022 (December) Term 1
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