B. Overall surplus or deficit in balance of payments
C. Difference between exports and imports of goods and services
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.
No comments yet. Be the first to start the discussion!