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Economics · 2023 · 1 mark
CBSE 2023 · Region 4 · Set 1 · Q8
(A) Read the following statements carefully: Statement 1: Depreciation of domestic currency may lead to a rise in exports. Statement 2: Due to the…
Read the following statements carefully :Statement $\displaystyle 1$ : Depreciation of domestic currency may lead to a rise in exports.Statement $\displaystyle 2$ : Due to the depreciation of Indian National Rupee (₹), purchasing power of US Dollar ($) may increase.In light of the given statements, choose the correct alternative from the following :
Identify, which one of the following is an intangible item in Balance of Payment (BoP).
Official answer
(A) → (C)
(B) → (C)
Marking-scheme solution
Branch (A) : (C) Both Statements $\displaystyle 1$ and $\displaystyle 2$ are true.
OR
Branch (B) : (C) Export of Information Technology (IT) services to U.S.A.
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CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.