Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Open Economy Macro Economics

Question:

Match List-I with List-II.

List-I List-II
(A) Current Account Surplus (I) Export of invisibles - Import of invisibles
(B) Balanced Current Account (II) Receipts > Payments
(C) Net Invisibles (III) Receipts = Payments
(D) Current Account Deficit (IV) Receipts < Payments

Choose the correct answer from the options given below :

Options:

(A)-(II), (B)-(III), (C)-(I), (D)-(IV)

(A)-(III), (B)-(I), (C)-(IV), (D)-(II)

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(IV), (B)-(III), (C)-(I), (D)-(II)

Correct Answer:

(A)-(II), (B)-(III), (C)-(I), (D)-(IV)

Explanation:

The correct answer is option (1) : (A)-(II), (B)-(III), (C)-(I), (D)-(IV)

Current Account Surplus : Receipt > Payment (ii)

Balanced Current Account : Receipts = Payments (II)

Net Invisibles : Export of invisibles - Import of invisibles (I)

Current Account Deficit : Receipts < Payments (IV)