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Match List - I with List - II.

List - I (Concept)List - II (Meaning)
(A) Trade surplus(I) Excess of the payments for import of goods over the receipts for export of goods
(B) Devaluation of currency(II) Excess of exports of goods over the imports of goods
(C) Trade deficit(III) Fall in the external value of a domestic currency as notified by the government of the country
(D) Balance of trade(IV) Difference between the value of exports and value of imports of goods of a country

Choose the correct answer from the options given below :

Solution

Correct Option: 2

Trade surplus means excess of exports over imports (II). Devaluation is fall in external value of domestic currency by government (III). Trade deficit is excess of imports over exports (I). Balance of trade is difference between exports and imports (IV). Hence A-II, B-III, C-I, D-IV.

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