Question:
Suppose, the Balance of Trade of an imaginary economy shows a favorable balance of ₹ 500 crore. The values of merchandise exports are ₹ 1200 crore and transfer payments are ₹ 400 crore. The value of merchandise imports would be ₹ ______ .
Suppose, the Balance of Trade of an imaginary economy shows a favorable balance of ₹ 500 crore. The values of merchandise exports are ₹ 1200 crore and transfer payments are ₹ 400 crore. The value of merchandise imports would be ₹ ______ .
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For Balance of Trade, always subtract imports from exports to calculate the trade balance or vice versa.
Updated On: Jan 13, 2026
- 1700
- 1500
- 700
- 900
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The Correct Option is C
Solution and Explanation
Balance of Trade (BOT) is calculated as:
\[
\text{Exports} - \text{Imports} = \text{Balance of Trade}
\]
Substituting the given values:
\[
1200 - \text{Imports} = 500
\]
\[
\text{Imports} = 1200 - 500 = 700
\]
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