Question : Which of the following statement is correct?
- Foreign exchange required for making unilateral transfers like sending it to other countries.
- Foreign exchange is demanded to receive payments for purchases of assets into foreign countries.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
Answer (1)
9th Jan, 2024
Correct Answer:
Statement 1 is true and statement 2 is false.
Solution :
Foreign exchange required for making unilateral transfers like sending it to other countries.
Foreign exchange is demanded for making payments for purchases of assets into foreign countries.
Hence option C is correct .
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