Question : Which of the following statement is correct?

Unilateral transfers are also known as required transfers.

In current account, when value of credit items are more than debit items, it indicates net inflow of foreign exchange.

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.

Question

Question : Which of the following statement is correct?

Unilateral transfers are also known as required transfers.
In current account, when value of credit items are more than debit items, it indicates net inflow of foreign exchange.

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.

Team Careers360 · Accepted Answer

Correct Answer: Statement 2 is true and statement 1 is false.

Solution : Unilateral transfers are also known as unrequired transfers.
In current account, when value of credit items are more than debit items, it indicates net inflow of foreign exchange.
Hence option D is correct .

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Question : Which of the following statement is correct?

Unilateral transfers me to abroad will be recorded as a debit item of balance of payment on current account.

Balance of payment is the stock concept.

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

Question : Which of the following statement is correct?

There is no common denomination under barter exchange to express the exchange ratios.

Money Supply is a flow concept.

Question : Which of the following statement is correct?

Deficit in balance of trade indicates deficit in balance of payments also.

Foreign investment are recorded in the capital account of balance of payment.

Question : Which of the following statement is correct?

Currency depreciation leads to increase in exports.

Fixed exchange rate system is also pegged exchange rate system.