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Economics · 2023 · 1 mark
CBSE 2023 · Region 1 · Set 1 · Q4
Read the following statements carefully: Statement 1: Borrowings by a nation from the World Bank to finance Balance of Payment (BoP) deficit will be…
Read the following statements carefully :Statement $\displaystyle 1$ : Borrowings by a nation from the World Bank to finance Balance of Payment (BoP) deficit will be recorded in the capital account.Statement $\displaystyle 2$ : Autonomous transactions are independent of the condition of Balance of Payment (BoP) account.In light of the given statements, choose the correct alternative from the following :
Official answer
(C)
Both Statements $\displaystyle 1$ and $\displaystyle 2$ are true.
Marking-scheme solution
(C)
Both Statements $\displaystyle 1$ and $\displaystyle 2$ are true.
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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.