Question

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.

• A. Both statements are incorrect
• B. Only statement 1 is incorrect
• C. Only statement 2 is incorrect
• D. Both statements are correct

Answer 1

The correct option is A

Both statements are incorrect

Both statement are incorrect.

1. The top countries investing in India are Mauritius, Singapore, Japan, Netherlands, USA and others.

2. Trade balance is nothing but export minus import. When the balance is negative, i.e., import is greater than export, the value is called a trade deficit.