Question : It refers to those international economic transactions, which takes place due to some economic motive such as profit maximisation.
Option 1: Visible items
Option 2: Invisible items
Option 3: Accommodating items
Option 4: Autonomous items.
Correct Answer: Autonomous items.
Solution : Autonomous items refers to those international economic transactions, which takes place due to some economic motive such as profit maximisation. Hence option D is correct.
Question : It refers to those transactions that are undertaken to cover the gap in the balance of payment.
Question : These items are known as above the line items.
Question : These items are known as below the line items.
Question : _________ refers to difference between the amount of exports and imports of goods.
Question : Calculate current account balance from the following- Exports of visible items- 230 Import of invisible items- 20 Import of visible items- 10 Exports of invisible items- 20 Gifts and transfer from rest of the world- 30
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