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

E-Waste and Circular Economy

Revision Notes

Climate Change: Challenges and Strategies

Revision Notes

Semiconductor Manufacturing Initiative

Revision Notes

Social Impact Bonds and Innovative Financing

Revision Notes

Micro, Small and Medium Enterprises (MSMEs)

Revision Notes

Regional Rural Banks (RRBs) Reforms

Revision Notes

Social Stock Exchanges

Revision Notes

Fiscal Policy and Budget

Revision Notes

Tourism-Led Growth Strategies

Revision Notes

Micro-Irrigation and Water Management

Revision Notes