Question Details

Detailed explanation and options for the selected question.

What does “balance of trade” refer to?

A. Difference between exports and imports of goods
B. Difference between government revenue and expenditure
C. Net inflow of foreign direct investment
D. Value of foreign exchange reserves

Explanation:

Balance of trade is the difference between a country's exports and imports of goods. Other options describe unrelated financial measures.

Related Topics

Land Reforms and Land Titling

Revision Notes

Privatization and Disinvestment in India

Revision Notes

Social Sector Schemes and Welfare Programs

Revision Notes

Digital Governance Initiatives (eGovernance)

Revision Notes

Informal Sector Challenges and Formalization

Revision Notes

Startup Financing and Angel Investments

Revision Notes

Gig Workers and Social Security Frameworks

Revision Notes

Public-Private Partnerships (PPP)

Revision Notes

Regional Rural Banks (RRBs) Reforms

Revision Notes

Impact of Technology on Economic Sectors

Revision Notes