Question

If Balance of Trade of nation shows deficit of ₹ 300 crore. The value of Exports are ₹ 400 crores and transfer payments are ₹ 50 crore. ₹ ______ crore will be the value of imports.

Options

• 1700

• 1500

• 300

• 700

Answer 1

If Balance of Trade of nation shows deficit of ₹ 300 crore. The value of Exports are ₹ 400 crores and transfer payments are ₹ 50 crore. ₹ 700 crore will be the value of imports.

Explanation:

Value of Export − Value of Import is only Balance of Trade.

Here BOT = −300

Value of exports = ₹ 400

Value of imports =?

400 - Value of imports = −300

Value of imports = 400 + 300 = ₹ 700