Banner 0
Banner 1
Banner 2
Banner 3
Banner 4
Banner 5

Q.

What is trade surplus?


see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!
An Intiative by Sri Chaitanya

a

Higher value of export than import

b

Higher value of import than export

c

When value of import equal value of export

d

None of these 

answer is A.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The higher value of export than imports is trade plus. The trade surplus is when a country’s value of exports is higher than the value of imports. During the period of British colonisation, British products flooded the Indian market. The British value of exports to India was much higher than their import to India. Therefore Britain had a “trade surplus” with India and used this to deal with their trade deficit with other countries.
 
Watch 3-min video & get full concept clarity

Best Courses for You

JEE

JEE

NEET

NEET

Foundation JEE

Foundation JEE

Foundation NEET

Foundation NEET

CBSE

CBSE

score_test_img

Get Expert Academic Guidance – Connect with a Counselor Today!

whats app icon