At present the trade between India and China is in a state of ‘Payment imbalance’. What does this mean in real terms ? China does not import many items from India whereas India imports more from China. China does not pay India in time and a lot of delay is reported by the exporters. India wants all payments to be made in US Dollars whereas China pays in its own currency.

• A. Only 1
• B. Only 2
• C. Only 3
• D. All 1, 2 and 3
• E. None of these