Economics · International Trade
Consider the following statements regarding the Balance of Trade (BOT): (i) It is the difference between the value of exports and the value of imports of visible goods of a country over a given period. (ii) A surplus balance of trade arises if a country's value of exports exceeds its value of imports. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Neither (i) nor (ii)
- 2Both (i) and (ii)✓
- 3(ii) only
- 4(i) only
Correct answer
Both (i) and (ii)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice International Trade MCQs →Want more practice questions on International Trade?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · International Trade