Match List I with List II

Choose the correct answer from the options given below :

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

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

A. Transaction between resident and rest of the world (IV. Balance of Payment): The balance of payments (BOP) is an accounting system that records all economic transactions between a country's residents and the rest of the world. It includes the current account (goods, services, income) and the capital account (capital transfers).

B. Revenue and Expenditure (I. Budget): A government budget is a financial plan for a specific period, outlining expected revenue (income) and expenditure (spending).

C. Export and Import (II. Balance of Trade): The balance of trade is a component of the current account that focuses on the net difference between the monetary value of a country's exports and imports.

D. Price of one currency in terms of another (III. Foreign Exchange): Foreign exchange (forex) refers to the exchange of currencies between countries. The exchange rate specifies the value of one currency in terms of another (e.g., how many US dollars you get for 1 Euro).