✓ Board-verified↻ asked 3×
Economics · 2026 · 1 mark
CBSE 2026 · Region 5 · Set 1 · Q9
Read the following statements : Assertion (A) and Reason (R). Choose the correct option from those given below :Assertion (A) : Transfers from Abroad (remittances) are to be recorded on the credit side of capital account of Balance of Payments (BoP).Reason (R) : All the transactions that lead to inflow of foreign currency from the rest of the world are recorded on the credit side of Balance of Payments (BoP).
Official answer
From CBSE’s own marking scheme for this paper.
(D)
Assertion (A) is false, but Reason (R) is true.
Marking-scheme solution
(D)
Assertion (A) is false, but Reason (R) is true.
More from Open Economy Macroeconomics
- Michel, an entrepreneur of Country Zeta, borrowed 5 million from an overseas bank to expand his textile…2026
- Read the following statements carefully: Statement 1: Depreciation of currency is an economic action…2026
- Read the following statements: Assertion and Reason (R). Choose the correct option from those given below:…2026
CBSE Class 12 Economics past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.