The following figures are based on the balance of payments accounts:
Calculate Balance of Trade.
|
S.No.
|
|
(₹ in crores)
|
|
1.
|
Imports of goods.
|
400
|
|
2.
|
Export of goods.
|
340
|
|
3.
|
Shipping.
|
3
|
|
4.
|
Travel Tourism, etc.
|
5
|
|
5.
|
Interest, dividends, profits.
|
50
|
|
6.
|
Unilateral Transfers.
|
40
|
Download our app for free and get started
Balance of Trade = Export of goods - Imports of goods
= 340 - 400 = (-) ₹ 60 crores
= 340 - 400 = (-) ₹ 60 crores
Download our appand get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Similar Questions
- 1Suppose it takes $1.25$ yen to buy a rupee, and the price level in Japan is $3$ and the price level in India is $1.2$. Calculate the real exchange rate between India and Japan $($the price of Japanese goods in terms of Indian goods$). ($Hint: First find out the nominal exchange rate as a price of yen in rupees$).$View Solution
- 2View SolutionExplain the meaning and two merits of fixed foreign exchange rate.
- 3View SolutionDistinguish between current account and capital account of balance of payments accounts. Is import of machinery recorded in the capital account. Give reasons for your answer.
- 4Explain why $G – T = (Sg – I) – (X – M).$View Solution
- 5View SolutionWhat is meant by foreign exchange rate? Why does a rise in foreign exchange rate cause a rise in its supply?
- 6View SolutionWould the central bank need to intervene in a managed floating system? Explain why.
- 7View SolutionDefine foreign exchange rate. Why does the demand for foreign exchange rise when its price falls?
- 8View SolutionDistinguish between balance of trade and balance of payment.
- 9View SolutionAn economy is in equilibrium. From the following data about an economy calculate autonomous consumption.
- Income = 5000
- Marginal propensity to save = 0.2
- Investment expenditure = 800
- 10View SolutionExplain two merits each of flexible foreign exchange rate and fixed foreign exchange rate.