Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

An Italian visited India and purchased goods from an Indian shop. What does it mean for Italy?

Options:

Production

Consumption

Export

Import

Correct Answer:

Import

Explanation:

The correct answer is Option 4: Import

Visit of foreign nationals to India amount to exports to India as they will buy Indian goods and services and pay in foreign currency. Italian citizen visiting India and buying Indian goods amounts to export for India and import for Italy as it’s citizens are buying goods from another country.