ECONOMICS
BALANCE OF PAYMENTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If BOT is showing the deficit of rs 200crs and value of exports is 700crs, then the value of imports will be:
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Rs200crs
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Rs 500crs
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Rs 700crs
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Rs900crs
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Explanation:
Detailed explanation-1: -Imports = Exports-Balance of Trade = 500-(-600) = 1, 100. Q.
Detailed explanation-2: -So, Imports = Exports-Balance of trade = 300−(−)400=Rs. 700 crores.
Detailed explanation-3: -Trade Deficit=Value of Imports-Value of Exports Measuring a country’s net imports or net exports.
Detailed explanation-4: -So, Exports = Balance of trade + Imports = (−5000)+9000=Rs. 4000 crores.
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