Question : It refers to the excess of receipts of exports of visible items over the value of receipt of payments for imports of visible items.
Option 1: Trade surplus
Option 2: Trade deficit
Option 3: Balance trade
Option 4: None of the above.
Answer (1)
25th Jan, 2024
Correct Answer:
Trade surplus
Solution :
Trade surplus refers to the excess of receipts of exports of visible items over the value of payments of imports of visible items.
Hence, Option A is correct.
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