Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

What will it be called if an Indian person goes to America for medical treatment of cancer ?

Options:

Import of service

Import of good

Export of service

Export of good

Correct Answer:

Import of service

Explanation:

The correct answer is Option 1: Import of service

Taking medical treatment is a service and not a good. And since an Indian is a consumer and American doctor is a seller, selling his medical service, it is an import for India.