In 1946, India's export earnings were Rs. 150 crores and import earnings were Rs. 80 crores. What was the net export in rupees?

hard MCQ 4 marks Class 12 · Economics · Indian Economy on the Eve of Independence

Answer

700000000

The correct answer is 700000000 — Subtract imports from exports: $1, 500, 000, 000 - 800, 000, 000 = 700, 000, 000$ rupees.

Step-by-step solution

Convert export to rupees: $150 \times 1 0^{7} = 1, 500, 000, 000$ rupees.
Convert import to rupees: $80 \times 1 0^{7} = 800, 000, 000$ rupees.
Subtract imports from exports: $1, 500, 000, 000 - 800, 000, 000 = 700, 000, 000$ rupees.

Common mistake: Mis‑converting crores or mis‑subtracting

Concept tested: Net export calculation