USA HISTORY

SETTLING NORTH AMERICA 1497 1732

FOUNDING OF THE NEW ENGLAND COLONIES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Goods leaving a country
A
exports
B
imports
C
extras
D
surplus
Explanation: 

Detailed explanation-1: -What Is an Export? Exports are goods and services that are produced in one country and sold to buyers in another. Exports, along with imports, make up international trade.

Detailed explanation-2: -“Deemed exports” generally refer to those transactions under which supply of goods do not leave the country, and payment for such supplies is received in Indian Rupees shall be treated as ‘deemed exports’, provided that goods are manufactured or produced in India.

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