Question

Choose the correct example/s of import and export from the following:

• A. India selling goods to Sri Lanka is an example of import.
• B. India buying goods from Sri Lanka is an example of import.
• C. India buying coffee from the USA is an example of export.
• D. India selling rice to Afghanistan is an example of export.

Answer 1

Answer: (B), (D)

India selling rice to Afghanistan is an example of export.

When a country buys goods and services from another country, it is known as import. When a country produces more goods or services than what is required, it sells them to other countries. This is known as export.