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Question

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

  1. In the year 2009-10, Brazil had the most positive balance of trade.
  2. In the year 2011-12, India had the most unfavourable trade.
  3. In the year 2011-12, India did most exports.
  4. Brazil had increased its imports every year.


Solution

The correct options are
B In the year 2011-12, India had the most unfavourable trade.
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 25,347.4in200910,anditincreasedto29,795.3 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.

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