The correct answer is D: Difference between imports and exports. Balance of trade is defined as the difference between the monetary value of a country's exports and imports over a given period. A positive balance means a trade surplus; a negative balance means a deficit.
A.Number of imports
B.Number of exports
C.Ratio of international trade
D.Difference between imports and exports✓ Correct
Explanation
Balance of trade is defined as the difference between the monetary value of a country's exports and imports over a given period. A positive balance means a trade surplus; a negative balance means a deficit.
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