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question_answer1) Directions : Read the following statements: Assertion and Reason (R). Choose one of the correct alternative. Assertion (A): Balance of trade is also known as visible trade. Reason (R): Because it records export and import of goods only and it does not record services.
question_answer2) Directions : Read the following statements: Assertion and Reason (R). Choose one of the correct alternative. Assertion (A): Borrowing from abroad is treated as credit item in balance of payment account. Reason (R): Because it leads to the inflow of foreign exchange.
question_answer3) Directions : Read the following statements: Assertion and Reason (R). Choose one of the correct alternative. Assertion (A): Deficit in BoP account arises when autonomous receipts are more than autonomous payments. Reason (R): Autonomous transactions are independent of the state of BoP account.
question_answer4) Directions : Read the following statements: Assertion and Reason (R). Choose one of the correct alternative. Assertion (A): Devaluation and depreciation is one and the same thing. Reason (R): Devaluation is done by the government whereas depreciation is done by the market forces.
question_answer5) Directions : Read the following statements: Assertion and Reason (R). Choose one of the correct alternative. Assertion (A): Interest on loan received from foreign country will be recorded on the debit side of BoP account. Reason (R): Interest on loan received from foreign country will bring funds to the country.
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