| Assertion [A] Improvement in balance of payments has an incremental impact on the national income of a period. |
| Reason [R] Inflow of foreign exchange in the domestic country is caused by changing rate of returns around the globe. |
A) Assertion [A] is true and Reason [R] is a correct reason of Assertion (A)
B) Assertion [A] is true but Reason [R] is not a correct reason of Assertion (A)
C) Assertion [A] is false, Reason [R] is true
D) Both are false
Correct Answer: A
Solution :
Inflow of foreign currency boosts the economic activities leading to increasing in national income of a given country.
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