Practicing Success
RBI governor, Shaktikanta Das gave orders to sell the financial assets to finance the deficit of BoP. What type of transaction is this? |
Accommodating transactions Autonomous transactions Surplus transactions Deficient transactions |
Accommodating transactions |
Autonomous transactions are the transactions done with profit motives, whereas, those transactions which are done to balance the BoP account are called as accommodating transactions. Thus, selling of financial assets is done in order to balance the BoP account, thus will be considered as accommodating transactions. |