The difference between the value of exports and the value of imports of goods of a country in a given period of time is known as: Option 1: Current account balance Option 2: Balance of Payment Option 3: Balance of Trade Option 4: Balance of invisibles

The answer is 'Balance of Trade'. View full solution:

CUET Economics - The difference between the value of exports and the value of imports of goods of a country in a given period of time is known as: | PYQs + Solutions

CUET Economics 2026 31st May Shift 1

Macro

Easy

Current account balance

Balance of Payment

Balance of Trade

Balance of invisibles

✅ Correct Option: 3

Related questions:

21st May Shift 2

Match the LIST-I with LIST-II

	LIST-I		LIST-II
A.	Open Economy	I.	interacts with other countries through various channels.
B.	Output Market	II.	gives investors the opportunity to choose between domestic and foreign assets.
C.	Financial Market	III.	widens choice that consumers and producers can choose between domestic and foreign goods.
D.	Labour Market	IV.	firms can choose where to locate production and workers to choose where to work.

Choose the correct answer from the options given below:

28 May Shift 1

Foreign exchange reserves are ample, means?

Reserve is sufficient to purchase goods and services from abroad.
Anticipated demand for foreign goods and services can be met through incumbent foreign exchange reserve.
Supply of foreign reserves is more than demand of foreign reserves.
Government is confident about present and future need of foreign reserve.

29 May Shift 1

Arrange the following in ascending order according to their year of implementation

(A) The Smithsonian Agreement.

(B) First World War.

(D) The Bretton Woods Conference.

Choose the correct answer from the options given below: