Civil Services 71st BPSC CCE (Preliminary) Test Series 2025 General Knowledge Economy External Sector and Currency Exchange rate
Balance of Trade (BoT) is:
1
The difference between a country’s imports and exports over a given time period.
2
A trade surplus situation indicating healthy economic system of a country.
3
It is the record of all the international monetary transactions done by a country.
4
It indicates whether the country has a surplus or a deficit of funds.