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Question

Calculate the value of imports when the balance of trade (merchandise) is (-) Rs 800 crores and the value of exports is Rs 500 crores.

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Solution

Balance of Trade = Value of exports - Value of imports

(-) Rs 800 crores = Rs 500 crores - Value of imports

Value of imports = Rs 500 crores + Rs 800 crores

= Rs 1,300 crores.

Value of imports = Rs 1,300 crores.


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