The phenomenon wherein a country's exports exceed its imports is called a negative balance of trade.

False

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True

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Solution

The correct option is A False

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Similar questions

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.

Q. A country export goods worth Rs.

600

crores, whereas, its imports amounted to Rs.

700

crores.
Calculate the volume of balance of trade and indicate its nature.

Q. If the value of exports of a country is

R s . 1, 000

acres and the value of Imports is

R s . 600

mores, how much will be the trade balance?

If the value of visible exports exceeds the value of visible imports, the balance relates to:

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?

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