Answer-Which of the following is an INCORRECT statement?

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Which of the following is an INCORRECT statement?

Question

Which of the following is an INCORRECT statement?

A India generally have a trade surplus Correct Answer Incorrect Answer

B India generally have a trade deficit Correct Answer Incorrect Answer

C The Balance of Trade of a country is always zero Correct Answer Incorrect Answer

D Both a and c Correct Answer Incorrect Answer

E Both b and c Correct Answer Incorrect Answer

Solution

India generally have a trade deficit. Our import is higher than our export. The Balance of Trade of country may be positive, negative and sometimes even zero. It varies from case to case.

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