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Foreign Exchange Transactions Which Are Independent of Other Transactions in the Balance of Payments Account Are Called : (Choose the Correct Alternative) - CBSE (Arts) Class 12 - Economics

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Question

Foreign exchange transactions which are independent of other transactions in the Balance of Payments Account are called : (Choose the correct alternative)

(a) Current transactions

(b) Capital transactions

(c) Autonomous transactions

(d) Accommodating transactions

Solution

The correct option is (c) An autonomous item in balance of payment refers to foreign exchange transactions which are made independently of the state of the balance of payment, such as profit motive.

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Solution Foreign Exchange Transactions Which Are Independent of Other Transactions in the Balance of Payments Account Are Called : (Choose the Correct Alternative) Concept: Concept of Balance of Payments Account.
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