ECONOMICS
BALANCE OF TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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import
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export
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Either A or B
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None of the above
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Detailed explanation-1: -India’s exports to Nepal petroleum products, vehicles & spare parts, M.S. billet, Other Machinery & parts, cement, Rice, Medicine, Hot rolled Sheet in coil, Agri equipment and electrical equipment.
Detailed explanation-2: -The main products that India exported to Nepal were Refined Petroleum ($814M), Semi-Finished Iron ($388M), and Rice ($329M). During the last 25 years the exports of India to Nepal have increased at an annualized rate of 15.5%, from $159M in 1995 to $5.85B in 2020. In 2020, India did not export any services to Nepal.
Detailed explanation-3: -Nepal main-ly exports woolen carpet, iron and steel products, readymade garments, yarns and pashmina, handicrafts, cardamom, tea, cof-fee, fruit and vegetable juices, and medicinal herbs.