The likely impact on the Balance of payment position of Countries facing a financial crisis would be : Option 1: There is a deficit on the Balance of Payment account Option 2: There is surplus on the Balance of Payment account Option 3: There is no impact on the Balance of Payment account Option 4: There is a balance on the Balance of Payment account

The answer is 'There is a deficit on the Balance of Payment account'. View full solution:

CUET Economics - The likely impact on the Balance of payment position of Countries facing a financial crisis would be : | PYQs + Solutions

CUET Economics

Macro

Easy

There is a deficit on the Balance of Payment account

There is surplus on the Balance of Payment account

There is no impact on the Balance of Payment account

There is a balance on the Balance of Payment account

✅ Correct Option: 1