Exports are the sale of ______ by the domestic country to the rest of the world.
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → goods and services
Exports are sales of goods and services to the rest of the world. A sale of financial assets to foreigners is a capital account transaction, not an export.
NCERT (2026-27): Glossary: “Exports – Sale of goods and services by the domestic country to the rest of the world.” “6.1.2 Capital Account … On the other hand, sale of assets like sale of share of an Indian company to a Chinese customer is a credit item on the capital account. …” |