Balance of Payment (BoP)
Quick practice
Question 1 of 5
Consider the following statements:
- A country with a positive balance of trade is known as a trade debtor nation.
- A country with a negative balance of trade is known as a trade creditor nation.
Which of the statements given above are correct:
A
Only 2
B
Neither 1 and 2
C
Only 1
D
Both 1 and 2
Get unlimited practice with APPSC and TSPSC Live subscription
Boost your performance with adaptive practice tests
Practice every concept in the syllabus
Compare your speed and accuracy with your peers
Download the app and practice on the go