Multiple Choice Questions on The term quot balance of trade quot denotes the difference between the exports and imports of i........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

The term quot balance of trade quot denotes the difference between the exports and imports of i...........

Economics (CUET) Balance of Payments
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    The term "balance of trade" denotes the difference between the exports and imports of_____________in a country.

     

    Services
     

    Incorrect Answer

    Invisible

    Incorrect Answer

    Goods
     

    Correct Answer

    None of these

    Incorrect Answer
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    Explanation:

    Option (3) is correct.
    Explanation: Balance of trade is the net difference of import and export of all visible items between the normal residents of a country and rest of the world.

     

    By: Milap Bansal
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