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Economics · 2023 · 1 mark
CBSE 2023 · Region 1 · Set 1 · Q8
Suppose that, the Balance of Trade of a nation exhibits a deficit of ₹ $\displaystyle 50,000$ crore. The import of visible items are five times of the exports of visible items. The value of exports of visible items would be ₹ _______ crore.(Choose the correct alternative to fill up the blank)Gifts and remittances sent abroad are recorded on the _______ side of the _________ account in Balance of Payment.(Choose the correct alternative to fill up the blanks)
Suppose that, the Balance of Trade of a nation exhibits a deficit of ₹ $\displaystyle 50,000$ crore. The import of visible items are five times of the exports of visible items. The value of exports of visible items would be ₹ _______ crore.
(Choose the correct alternative to fill up the blank)
Gifts and remittances sent abroad are recorded on the _______ side of the _________ account in Balance of Payment.
(Choose the correct alternative to fill up the blanks)
Official answer
From CBSE’s own marking scheme for this paper.
(A) → (C)
(B) → (D)
Marking-scheme solution
Branch (A) : (C) $\displaystyle 12,500$
OR
Branch (B) : (D) debit, currentMore from Open Economy Macroeconomics
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CBSE Class 12 Economics past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.