Which of the following conditions represents 'Balanced Balance of Payment' situation ?
A balanced balance of payments is represented by receipts equalling payments, so R minus P is zero. A positive difference is a surplus and a negative difference is a deficit.
Choose your answer
Which of the following conditions represents 'Balanced Balance of Payment' situation ?
Answer and explanation
Correct answer A
A balanced balance of payments is represented by receipts equalling payments, so R minus P is zero. A positive difference is a surplus and a negative difference is a deficit.
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Madhya Pradesh SET (MP SET)