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A country is said to have a trade surplus when:

easy Q2 of 15
Economic Awareness - Sectors of Indian Economy
A country is said to have a trade surplus when:
AImports of goods exceed exports of goods
BExports of services exceed imports of services
CExports and imports of goods are equal
DExports of goods exceed imports of goods
Step-by-Step Solution

  1. Step 1: Understand trade surplus

    Trade surplus occurs when the value of exports of goods is greater than imports of goods.

  2. Step 2: Evaluate options

    Exports of goods exceed imports of goods correctly describes trade surplus. Other options describe trade deficit, balance, or services trade which are unrelated.

  3. Final Answer:

    Exports of goods exceed imports of goods → Option D

  4. Quick Check:

    Trade Surplus = exports > imports of goods ✅
Quick Trick: Trade surplus means positive Balance of Trade.
Common Mistakes:
MISTAKES
  • Mixing trade surplus with current account surplus or service trade surplus.
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