Question

India has produced 80,00,000 kg of foodgrains this year. The amount of goods imported and exported are 5,00,000 kg and 2,00,000 kg, respectively. The opening stock at the beginning of the year is 30,000 kg and the closing stock at the end of the year is 70,000 kg of the grains in state granaries. Calculate the value of net imports.

• A. 4,00,000 kg
• B. 3,00,000 kg
• C. 1,00,000 kg
• D. 90,000 kg

Answer 1

The correct option is B 3,00,000 kg

Net imports
= Amount of imported goods – Amount of exported goods
= 5,00,000 kg – 2,00,000 kg
= 3,00,000 kg