If the value of exports is more than the value of imports, then the country has a _____.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → positive balance of trade
NCERT (2026-27): “Balance of trade records the volume of goods and services imported as well as exported by a country to other countries. If the value of imports is more than the value of a country’s exports, the country has negative or unfavourable balance of trade. If the value of exports is more than the value of imports, then the country has a positive or favourable balance of trade.” |