Merchandise exports and imports, also known as , include only tangible goods and exclude services.

trade in goods

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trade in services

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trade in imports

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trade in exports

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Solution

The correct option is A trade in goods
Merchandise exports and imports, also known as trade in goods, include only tangible goods and exclude services.

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Pick the error from the following news clipping:

The services sector is not only the dominant sector in India’s GDP, but has also attracted significant foreign investment flows, contributed significantly to exports as well as provided large-scale employment. The major categories of services exports includes software services, travel, business services and transportation.

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Merchandise exports and imports, also known as , include only tangible goods and exclude services.

The correct option is A trade in goodsMerchandise exports and imports, also known as trade in goods, include only tangible goods and exclude services.

The correct option is A trade in goods
Merchandise exports and imports, also known as trade in goods, include only tangible goods and exclude services.