Q6. (a) A country exported goods worth Rs. 750 and services worth Rs. 100, whereas, its imports
of goods amounted to Rs. 850. Calculate the volume of balance of trade and indicate its
nature.
(2)
(6) Visits of foreign countries for sightseeing etc. by the people of India is on the rise. What
will be its likely impact on foreign exchange rate and how?
Answers
Answered by
4
Answer:
Balance of Trade (BOT) = Exports - Imports = 600−700 Crores
BOT is unfavourable to the extent of Rs. 100 crores as imports are more than exports.
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1
Answer:
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