Chapter 9 Trade
Top questions
See all →- What will happen if there is only one currency used in the whole world? The European Union is an example, which has one common currency ‘Euro’. Advantages of having one common currency. If the whole world has one... 1
- Obtain information regarding the bilateral trade between India and Japan for any financial year and the value of India’s Trade with Japan (April 2016-Jan 2017) Exports ₹ 20,000 Cr Imports ₹ 55,000 Cr Trade Balance ₹ 35,000 Cr This shows that India has a... 1
- What is balance of trade? The difference between the import and export values of a country in a specific period is called balance of trade. 1
- What do you mean by unfavourable balance of trade? When the value of imports is more than the value of exports it is called unfavourable balance of trade. 1
- What is favourable balance of trade? When the value of exports is more than the value of imports it is called favourable balance of trade. 1
- What is balanced balance of trade? When the value of exports and imports is almost same, it is called balanced balance of trade 1