Economics · Macroeconomics - Foreign Trade India
With reference to India's macroeconomic trade data measurement, consider the following statements: Statement I: Provisional merchandise trade data in India is released monthly by the Ministry of Commerce and Industry. Statement II: Merchandise export metrics comprehensively include both physical goods and intangible services exports. Statement III: Balance of Trade (BoT) in standard economic terminology is strictly defined as the difference between total exports of goods and services and total imports of goods and services. Which one of the following is correct in respect of the statements above?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement II nor Statement III is correct.✓
- 2Only one of Statements II and III is correct, and that explains Statement I.
- 3Both Statement II and Statement III are correct, but only one of them explains Statement I.
- 4Both Statement II and Statement III are correct, and both of them explain Statement I.
Correct answer
Neither Statement II nor Statement III is correct.
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