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Economics · 2023 · 1 mark
CBSE 2023 · Region 4 · Set 1 · Q4
Read the following statements carefully: Statement 1: Balance of Payment account is always balanced in accounting sense. Statement 2: Autonomous…
Read the following statements carefully :Statement $\displaystyle 1$ : Balance of Payment account is always balanced in accounting sense.Statement $\displaystyle 2$ : Autonomous transactions, restore balance in Balance of Payment account.In light of the given statements, choose the correct alternative from the following :
Official answer
(A)
Statement $\displaystyle 1$ is true and Statement $\displaystyle 2$ is false.
Marking-scheme solution
(A)
Statement $\displaystyle 1$ is true and Statement $\displaystyle 2$ is false.
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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.