{"id":93699,"date":"2025-06-01T11:55:33","date_gmt":"2025-06-01T11:55:33","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=93699"},"modified":"2025-06-01T11:55:33","modified_gmt":"2025-06-01T11:55:33","slug":"which-one-of-the-following-terms-refers-to-the-difference-between-a-co","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-terms-refers-to-the-difference-between-a-co\/","title":{"rendered":"Which one of the following terms refers to the difference between a co"},"content":{"rendered":"

Which one of the following terms refers to the difference between a country’s total exports and total imports ?<\/p>\n

[amp_mcq option1=”Fiscal deficit” option2=”Current account deficit” option3=”Trade deficit” option4=”Budget deficit” correct=”option3″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC Combined Section Officer – 2021-22<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe difference between a country’s total exports and total imports of goods is known as the Trade Balance. When imports exceed exports, it results in a Trade Deficit. The question specifically asks for the difference, which, when imports are greater than exports, is called a trade deficit.
\n<\/section>\n
\nTrade Balance = Value of Exports – Value of Imports. A Trade Deficit occurs when Imports > Exports.
\n<\/section>\n
\nFiscal Deficit is the difference between the government’s total expenditure and its total revenue (excluding borrowings). Current Account Deficit is a broader measure that includes the balance of trade in goods and services, as well as net income and net transfers. Budget Deficit is the difference between government expenditure and government receipts.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Which one of the following terms refers to the difference between a country’s total exports and total imports ? [amp_mcq option1=”Fiscal deficit” option2=”Current account deficit” option3=”Trade deficit” option4=”Budget deficit” correct=”option3″] This question was previously asked in UPSC Combined Section Officer – 2021-22 Download PDFAttempt Online The difference between a country’s total exports and total imports … <\/p>\n

Detailed SolutionWhich one of the following terms refers to the difference between a co<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1090],"tags":[1484,1226],"class_list":["post-93699","post","type-post","status-publish","format-standard","hentry","category-upsc-combined-section-officer","tag-2021-22","tag-external-sector-of-economy","no-featured-image-padding"],"yoast_head":"\nWhich one of the following terms refers to the difference between a co<\/title>\n<meta name=\"description\" content=\"The difference between a country's total exports and total imports of goods is known as the Trade Balance. When imports exceed exports, it results in a Trade Deficit. The question specifically asks for the difference, which, when imports are greater than exports, is called a trade deficit. 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