The difference between exports and imports is called ........

Current GK (IBPS-CL) Indian Economy

The difference between exports and imports is called-?

This questions was previously asked in

IBPS CLERK MAINS 2018

assets and liabilities

balance of payment

GDP

balance of trade

depreciation

- Option 1: Assets and liabilities

- Refers to the financial holdings and obligations of an entity.

- Not directly related to trade; involves accounting and finance.

- Option 2: Balance of payment

- A broader concept than trade balance.

- Includes all economic transactions, not just goods and services.

- Option 3: GDP (Gross Domestic Product)

- Measures total output of a country.

- Not directly about trade, includes all produced within a nation.

- Option 4: Balance of trade

- Represents the difference between a country’s exports and imports.

- Specifically accounts for only goods and services.

- Option 5: Depreciation

- Involves reduction in the value of assets.

- Not directly related to trade or balance metrics.

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