Assuming that, the following data is given for an imaginary economy: Year → Items ↓ 2020 (₹ in Cr.) 2021 (₹ in Cr.) Exports of visibles 1,000 1,100 Imports of visibles 800 850 The balance of Trade from 2020 to 2021 _____ by ₹ crore. (Choose the correct alternative)

Correct Answer is : increased, 50

CBSE 2023 Class 12 Economics Outside Delhi Set 1 - Question 8

Question : 8 of 52

Marks: +1, -0

Assuming that, the following data is given for an imaginary economy:

Year → Items ↓	2020 (₹ in Cr.)	2021 (₹ in Cr.)
Exports of visibles	1,000	1,100
Imports of visibles	800	850

The balance of Trade from 2020 to 2021 _____ by ₹ crore. (Choose the correct alternative)

Solution:

increased, 50
Explanation: Balance of Trade

(B O T)=

Export of Visibles Import of Visibles
BOT

(2020)=1,000-800=200

crores
BOT

(2021)=1,100-850=250

crores
BOT has increased from 50 crores from 2020 to 2021.

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