WBCS.LIVE practice question

A favourable Balance of Trade of a country implies that-

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Imports are greater than Exports
  2. Exports are greater than Imports
  3. Both Imports and Exports are equal
  4. Rising Imports and Falling Exports

Correct answer and explanation

Correct answer: Exports are greater than Imports