UPSC Principle and Vice Principle GK/GS Basic Economic Concepts and Structure of the Indian Economy Part - 2

Identify the correct answer related to trade deficit occurs when.

Type: MCQ • Marks: 1

A. Exports exceed imports

B. Imports of goods exceed exports of goods

C. Taxes exceed spending

D. Savings exceed investment

Explanation

A merchandise trade deficit occurs when the value of goods imports exceeds goods exports.

UPSC Principal & Vice Principal GK/GS

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