Question

Which of the following statements are correct which relates to the trade charts of India and Brazil, given below?

• A. In the year 2009-10, Brazil had the most positive balance of trade.
• B. In the year 2011-12, India had the most unfavourable trade.
• C. In the year 2011-12, India did most exports.
• D. Brazil had increased its imports every year.

Answer 1

Answer: (B), (C)

In the year 2011-12, India did most exports.

The difference between the value of a country's imports and exports for a given period of time is known as Balance of Trade. Brazil had a positive trade balance of $25,347.4in2009-10,anditincreasedto$29,795.3 in 2011-12. India had the most negative trade in the year 2011-12 of $184,557.77. Brazil had increasing trade till 2011-12 then it dipped a bit.