If value of imports of commodities is greater than value of exports of commodities, then it shows
When the value of visible merchandise imports (commodities) exceeds the value of visible merchandise exports, the Balance of Trade is negative, which is called a 'Trade…
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If value of imports of commodities is greater than value of exports of commodities, then it shows
Answer and explanation
Correct answer B
When the value of visible merchandise imports (commodities) exceeds the value of visible merchandise exports, the Balance of Trade is negative, which is called a 'Trade Deficit'.
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RPSC School Lecturer (Sanskrit Education)