| I. BoP compares the dollar difference of the amount of exports and imports, including all financial exports and imports. |
| II. A negative balance of payments means that more money is flowing out of the country than coming in and vice versa. |
| III. The balance of payment is maintained by State Bank of India |
A) I & III
B) Only III
C) II & III
D) Only I
Correct Answer: B
Solution :
BoP compares the dollar difference of the amount of exports and imports, including all financial exports and imports. A negative balance of payments means that more money is flowing out of the country than coming in and vice versa. The balance of payment is maintained by Central Bank or India i.e. Reserve Bank of India.
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