| 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. |
A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.
Correct Answer: D
Solution :
[d] Assertion (A) is false but Reason (R) is true.
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