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When is a country's balance of payments said to be favourable? - Economics

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प्रश्न

When is a country's balance of payments said to be favourable?

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उत्तर

A country's balance of payments is said to be favourable when the value of exports and earnings from abroad is more than the value of imports and payments, resulting in a surplus.

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अध्याय 15: Balance of Payments and Exchange Rate - TEST YOURSELF QUESTIONS [पृष्ठ २९६]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 15 Balance of Payments and Exchange Rate
TEST YOURSELF QUESTIONS | Q 22. b | पृष्ठ २९६
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