Economic Awareness - Sectors of Indian Economy
Which of the following is NOT included in the calculation of Balance of Trade?
Which of the following is NOT included in the calculation of Balance of Trade?
easy Q13 of 15
Step-by-Step Solution
Step 1: Identify components of Balance of Trade
Balance of Trade includes only visible trade, i.e., exports and imports of goods.Step 2: Apply the concept
Exports of services are part of invisible trade and are excluded from Balance of Trade calculations.Final Answer:
Exports of services → Option CQuick Check:
Exports of services ✅
Quick Trick: Remember BOT = visible trade only, exclude invisible trade.
Common Mistakes:
MISTAKES- Including services as part of Balance of Trade.
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