If Balance of Trade is (-) ₹600 crore and value of exports is ₹500 crore, then the value of imports will be.
Answer & explanation
Correct answer: option 2
The correct answer is option (2) : ₹1100 crore
BoT=Exports−Imports
Given:
- Balance of Trade (BoT) = ₹ -600 crore (negative indicates trade deficit)
- Value of Exports = ₹ 500 crore
To find the value of Imports:
−600=500−Imports
Imports=500+600
Imports=1100