Match the following : List-IList-II (a) Merchandise exports (i) Purchase of foreign goods (b)…
Matching balance of payments items: (a) Merchandise exports represent (ii) Sales of goods abroad; (b) Merchandise imports represent (i) Purchase of foreign goods; (c)…
Choose your answer
Match the following :
| List-I | List-II |
|---|---|
| (a) Merchandise exports | (i) Purchase of foreign goods |
| (b) Merchandise imports | (ii) Sales of goods abroad |
| (c) Investment Income | (iii) Largely caused by excess of imports over exports in merchandise |
| (d) Balance of Payments Deficits | (iv) Dividends, interest etc. received from abroad |
Answer and explanation
Correct answer C
Matching balance of payments items: (a) Merchandise exports represent (ii) Sales of goods abroad; (b) Merchandise imports represent (i) Purchase of foreign goods; (c) Investment Income comprises (iv) Dividends, interest etc. received from abroad; and (d) Balance of Payments Deficits are (iii) Largely caused by excess of imports over exports in merchandise. Thus, '-(ii), (b)-(i), (c)-(iv), (d)-(iii)' is correct.
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UGC NET Commerce