Question

Identify the correctly matched pair of Column A to that of Column B:

Column A		Column B
1	Items of imports and exports	(a)	Import substitution
2	Outward oriented policy	(b)	Composition of foreign trade
3	Inward oriented policy	(c)	Export promotion
4	Imports exceed exports	(d)	Unfavourable Balance of trade

Options

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

4 - (d)

Explanation: 

An unfavourable trade balance is defined as an excess of imports over exports.