56ᵗʰ to 59ᵗʰ B.P.S.C. (Pre) 2014
In which of the following years was the trade balance favourable to India :
a1970-71 and 1974-75
b1972-73 and 1976-77✓ Correct
c1972-73 and 1975-76
d1971-72 and 1976-77
Explanation
According to the Economic Survey 2024-25, among the years given in the question, only 1972-73 and 1976-77 were such years in which the balance of trade was favourable for India. Whereas, from 1949-50 to 2024-25 (Provisional), in the remaining years the balance of trade remained unfavourable (that is, in a state of imbalance).
economic-social-development
