Consider the information provided in the figure below relating to India-s foreign trade in 1997-98 Total trade with a region is defined as the sum of exports and imports from that region- Trade deficit is defined as the excess of imports over exports- Trade deficit may be negative- beginarray 111A-USA-E-Japan-H- OPECIIB- Germany- F- Russia- I-AsiallC- Other EU-G- Other East European countries-J- Other LDCsllD-UK-K-Otherslend array 1997-98 Imports into India- - 40779 million 1997-98 Exports from India- - 33979 millionIn 1997-98- the trade deficit with respect to India- billion US dollars- for the region with the highesttrade deficit with respect to India- is approximately equal toA- 6

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard XII

Economics

Expenditure Method

Consider the ...

Question

Consider the information provided in the figure below relating to India’s foreign trade in 1997-98 Total trade with a region is defined as the sum of exports and imports from that region. Trade deficit is defined as the excess of imports over exports. Trade deficit may be negative.
$\begin{matrix} A . U S A & E . J a p a n & H . O P E C B . G e r m a n y & F . R u s s i a & I . A s i a C . O t h e r E U & G . O t h e r E a s t E u r o p e a n c o u n t r i e s & J . O t h e r L D C s D . U K & K . O t h e r s \end{matrix}$

In 1997-98, the trade deficit with respect to India, billion US dollars, for the region with the highesttrade deficit with respect to India, is approximately equal to

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

No worries! We‘ve got your back. Try BYJU‘S free classes today!

4.5

No worries! We‘ve got your back. Try BYJU‘S free classes today!

7.5

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A 6
Option (A) is the correct answer. Check the video for the approach.

Suggest Corrections

Similar questions

Consider the information provided in the figure below relating to India’s foreign trade in 1997-98. Total trade with a region is defined as the sum of exports and imports from that region. Trade deficit is defined as the excess of imports over exports. Trade deficit may be negative.
$\begin{matrix} A . U S A & E . J a p a n & H . O P E C B . G e r m a n y & F . R u s s i a & I . A s i a C . O t h e r E U & G . O t h e r E a s t E u r o p e a n c o u n t r i e s & J . O t h e r L D C s D . U K & K . O t h e r s \end{matrix}$

What is the region with the lowest trade deficit with India in 1997-98?

Q. Consider the information provided in the figure below relating to India’s foreign trade in 1997-98 Total trade with a region is defined as the sum of exports and imports from that region. Trade deficit is defined as the excess of imports over exports. Trade deficit may be negative.

\begin{matrix} A . U S A & E . J a p a n & H . O P E C B . G e r m a n y & F . R u s s i a & I . A s i a C . O t h e r E U & G . O t h e r E a s t E u r o p e a n c o u n t r i e s & J . O t h e r L D C s D . U K & K . O t h e r s \end{matrix}

What is the region with which India had the highest total trade in 1997-98?

Consider the information provided in the figure below relating to India’s foreign trade in 1997-98 Total trade with a region is defined as the sum of exports and imports from that region. Trade deficit is defined as the excess of imports over exports. Trade deficit may be negative.
$\begin{matrix} A . U S A & E . J a p a n & H . O P E C B . G e r m a n y & F . R u s s i a & I . A s i a C . O t h e r E U & G . O t h e r E a s t E u r o p e a n c o u n t r i e s & J . O t h e r L D C s D . U K & K . O t h e r s \end{matrix}$

In 1997-98 the amount of Indian exports, million US dollars, to the region with which India had the lowest total trade, is approximately.

Q. The exports and imports (in crores of Rs.) of a country from 2000 to 2007 are given in the following bar chart. If the trade deficit is defined as excess of imports over exports, in which year is the trade deficit 1/5th of the exports?

Which of the following statements is/are incorrect?

1. The top countries investing in India are UK, USA, Singapore, Japan, Mauritius and others.

2. Trade balance is nothing but import minus export. When the balance is negative, i.e., export is greater than import, the value is called a trade deficit.

Join BYJU'S Learning Program

The correct option is A 6Option (A) is the correct answer. Check the video for the approach.

The correct option is A 6
Option (A) is the correct answer. Check the video for the approach.