As per newspaper reports, India's trade gap has been showing a negative growth for the last few months. "Trade Gap" means what?

Gap between total GDP and total consumption

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Gap between total imports and total exports

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Gap between available liquidity and expected demand in next five months

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Gap between budgeted revenue collection and actual collection of the same

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Solution

The correct option is B Gap between total imports and total exports
Trade gap refers to the difference between total imports an total exports. It is a situation when total imports exceed total exports. Nowadays, India's trade gap has been showing negative growth which means total imports exceed total exports.

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