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प्रश्न
'Deficit' in Balance of payment (BOP) refers to the excess of ______.
पर्याय
Current account payments over Current account receipts.
Capital account payments over Capital account receipts.
Autonomous payments over Autonomous receipts.
Accommodating payments over Accommodating receipt.
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उत्तर
'Deficit' in Balance of payment (BOP) refers to the excess of autonomous payments over autonomous receipts.
Explanation:
- The status of the Balance of Payment (BOP), that is, whether it is in surplus or deficit, is determined by taking into account autonomous transactions (both current and capital).
- To compensate the deficit caused by autonomous transactions, accommodating transactions are carried out after considering the condition of the Balance of Payment (BOP).
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संबंधित प्रश्न
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In the above example, if exports change to X = 100, find the change in equilibrium income and the net export balance.
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Define "Trade surplus". How is it different from "Current account surplus"?
Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely ______.
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Disequilibrium in balance of payments means ______.
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Reason (R): Autonomous transactions are determined by the difference in the Balance of Payments.
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