CUET and UG exam CUET UG 2025 Mock Test Series General Knowledge Economy External Sector and Currency Exchange rate
Consider the following statements-
1. Trade balance is always surplus when exports are greater than imports.
2. Balance of payments is always in deficit when the Balance of Trade is negative.
Which of the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2