Question

If a country exports goods worth ₹ 600 crores and imports goods worth ₹ 450 crores, the value of Balance of Trade of the country would be ____ of ₹ ____ crores. (Choose the correct option)

• A. deficit, 150
• B. surplus, 150
• C. deficit, 1050
• D. surplus, 1050

Hint:

BOT = Exports – Imports; Positive value = surplus, Negative value = deficit.

Answer 1

The Correct Option is B

Balance of Trade (BOT) is calculated as Exports minus Imports. \[= 600 - 450 = ₹ 150 \ \text{crores (surplus)} \]A positive Balance of Trade signifies a trade surplus.