Question

Assertion (A): Balance of trade is also referred to as Balance of payments.

Reasoning (R): Balance of trade includes the value of imports and exports of visible goods and invisible goods.

Options

• (A) is True but (R) is False.

• (A) is False but (R) is True.

• Both (A) and (R) are True and (R) is the correct explanation of (A).

• Both (A) and (R) are True and (R) is not the correct explanation of (A).

Answer 1

(A) is False but (R) is True.