If India exports goods worth Rs. $20$ crores and imports goods worth Rs. $30$ crores, it will ________________.

have a surplus of Rs

10

crores in balance of trade

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have a deficit of Rs

10

crores in balance of trade

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have a deficit of Rs

50

crores in balance of trade

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can't say

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Solution

The correct option is B have a deficit of Rs $10$ crores in balance of trade
BOT = Export-Import i.e. Rs.20 - 30 = Rs. 10 crore deficit. When imports exceed exports then the balance is in deficit.
Hence, option B is correct.

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