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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.
A.USAE.JapanH.OPECB.GermanyF.RussiaI.AsiaC.OtherEUG.Other East European countriesJ.OtherLDCsD.UKK.Others

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


A
USA
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B
Asia
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C
Others
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D
Other EU countries
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Solution

The correct option is B Asia
Option (B) is the correct answer. Check the video for the approach.

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