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Question 21 of 26

Q.Give an economic term:
The difference between the value of a country's exports and imports for a given period.

Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2025Subjective· 1mImportance★★★★★
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The economic term is Balance of Trade (BOT).

Balance of trade records only the visible items — the export and import of physical goods (merchandise) — of a country during a period. If exports exceed imports it is a favourable/surplus BOT; if imports exceed exports it is an unfavourable/deficit BOT; equal values give a balanced BOT. It is narrower than the Balance of Payments, which also include …

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