B. Difference between exports and imports of goods and services
C. Overall surplus or deficit in balance of payments
D. Difference between exports and imports of goods only
Answer: Option D
Solution (By JKSSB Mock Tests)
Balance of Trade is the difference between the value of exports and imports of merchandise (goods) only. Balance of payments is a broader concept including services and capital flows.
Explanation:
Original sin denotes the inability of most emerging-market and developing countries to borrow abroad in their own currencies, forcing them to issue foreign-currency debt and creating currency mismatches.
Explanation:
Taxes are classified as progressive (rate rises with income), proportional (constant rate) or regressive (rate falls with income) according to their effect on income distribution.
No comments yet. Be the first to start the discussion!