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
Given:
Balance of Trade (BOT) = (-) ₹600 crore
Value of exports = ₹500 crore
The balance of trade is the value of exports less the value of imports:
BOT = Exports − Imports
−600 = 500 − Imports
Imports = 500 + 600
Imports = ₹1100 crore
NCERT (2026-27): “Balance on Current Account … Balance of Trade (BOT) is the difference between the value of exports and value of imports of goods of a country in a given period of time. Export of goods is entered as a credit item in BOT, whereas import of goods is entered as a debit item in BOT. It is also known as Trade Balance. BOT is said to be in balance when exports of goods are equal to the imports of goods. Surplus BOT or Trade surplus will arise if country exports more goods than what it imports. Whereas, Deficit BOT or Trade deficit will arise if a country imports more goods than what it exports.…” |