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Home Questions D8AGFPN72P
Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Open Economy Macro Economics

Question:

Match List I with List II.

List-I List-II
A. Balance of Trade I. International transaction related to financial assets
B. Balance of payment II. Export and import of services
C. Not invisibles III. Goods, Service and Transaction in assets
D. Balance on capital accounts IV. Export and import of goods

Choose the correct answer from the options given below :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is option (2) : A-IV, B-III, C-II, D-I

A. Balance of Trade: This refers to the difference between the value of a country's exports and imports of goods.

B. Balance of Payments: This includes all economic transactions between residents of a country and the rest of the world, encompassing goods, services, and financial assets.

C. Net Invisibles: This refers to the net exports of services, income, and transfers.

D. Balance on Capital Accounts: This deals with international transactions related to financial assets.

List-I List-II
A. Balance of Trade IV.Export and import of goods
B. Balance of payment III.Goods, Service and Transaction in assets
C. Net invisibles II.Export and import of services
D. Balance on capital accounts I.International transaction related to financial assets

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