Balance of Trade is the difference between the monetary value of a country's exports and imports over a given period. Balance of Payment is a broader concept covering all transactions. The specific relationship between only imports and exports is called Balance of Trade.
The relationship between the values of a country's imports and its exports is called.
CUET UG 2023 — General Test General Knowledge
2023mcqeasy
The relationship between the values of a country's imports and its exports is called.
Official previous-year question
Held on 21 May 2023 · Verified 13 Jul 2026.
Options
- A
Balance of Trade
- B
Balance of Payment
- C
Balance of currency
- D
Bill of exchange
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