Current Affairs

GK MCQs Section
Q. When does the problem of unfavorable balance of payments arise?
Answer: imports > exports
Notes: The balance of trade is the difference between a country's exports and its imports. When exports are greater than imports, that's a trade surplus.when the value of imports outweighs the value of exports, that is a trade deficit. Countries usually regard that as an unfavourable trade balance.

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📌 Question Number: 60 in 43. Foreign Trade - Policy, Balance of Trade, Balance of Payment, WTO in the above course in App.