Question

Q.17 If trade deficit shows a balance of Rs (-) 1,500 crores and export of goods is Rs 5,500 crores, value of import of goods will be a) Rs 6,000 crores b) 7,000 crores 4,000 crores d) can't be determined
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Answer 1

Answer:

option B

Explanation:

7000 crores is the perfect answer for this question

Answer 2

$\huge \purple{ \underline{ \boxed{ \red{ \mathbb{ANSWER : }}}}}$

$\red{ \textsf{Value of imports is \orange{Rs. 7000 crore .}}}$

$\huge \purple{ \underline{ \boxed{ \red{ \mathbb{EXPLANATION : }}}}}$

$\large \green{ \underline{ \underline{ \mathbb{GIVEN : }}}}$

$\orange{ \textsf{Balance of trade deficit = Rs. 1500 crore}}$

$\orange{ \textsf{Value of exports = Rs. 5500 crore}}$

$\large \green{ \underline{ \underline{ \mathbb{FORMULA \: USED : }}}}$

$\orange{ \textsf{Balance of trade = Value of exports - Value of imports }}$

$\large \green{ \underline{ \underline{ \mathbb{SOLUTION : }}}}$

$\red{ \textsf{Balance of trade = Value of exports - Value of imports }}$

$\red{ \textsf{ - 1500 crore = 5500 crore - Value of imports }}$

$\red{ \textsf{Value of imports = 5500 crore + 1500 crore }}$

$\red{ \textsf{Value of imports = 7000 crore}}$

$\large \green{ \underline{ \underline{ \mathbb{KNOW \: MORE : }}}}$

$\orange{ \mathbb{BALANCE \: OF \: TRADE : }}$

Balance of trade is the difference between a country's exports and imports of goods .

$\orange{ \mathbb{EXPORTS : }}$

Goods and services produced in one country but supplied to buyers in another are known as exports .

$\orange{ \mathbb{IMPORTS : }}$

An import is a good or service bought in one country that was produced in another country .