Balance of Payments

Economics (CUET)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

After Independence, India had favourable Balance of Trade situations for:

Two times

Three times

Four times

Always

- After independence, India's Balance of Trade (BOT) has mostly been negative, meaning imports have exceeded exports for most years.

- BOT turned favourable (exports > imports) only a few specific years since 1947.

- These favourable years happened in 1972-73, 1976-77, and 1977-78, making it a total of three times post-independence.

- Option 1 ("Two times") is not correct.

- Option 2 ("Three times") is correct.

- Option 3 and 4 are incorrect; India's BOT hasn't been favourable four times or always.