SSC Supreme Court Junior Court Assistant Mock Test Series 2025 General Knowledge Economy External Sector and Currency Exchange rate
Consider the following statements regarding balance of trade (BOT).
(i). It is the difference between the value of exports and value of imports of goods of a country in a given period of time.
(ii). Surplus balance of trade will arise if country exports more goods than what it imports.
Which of the above statement/s is/are correct?
1
(1) only
2
(II) only
3
Both (i) and (il)
4
Neither (i) Nor (ii)