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BPSC (Bihar PCS) 2015 · Question 82 of 135

In which of the following years was the trade balance favourable to India?

Miscellaneous

  1. A1970-71 and 1974-75
  2. B1972-73 and 1976-77Correct
  3. C1972-73 and 1975-76
  4. D1971-72 and 1976-77

Answer: B. 1972-73 and 1976-77

Explanation

Understanding India's Trade Balance Concept The question asks us to identify the specific years when India's trade balance was favourable. The trade balance is a key economic indicator that measures the difference between a country's exports and imports over a specific period. It's calculated as: Tr

Source: prepp.in

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