CUET Economics - Which of the following statement is true about Autonomous transactions? | PYQs + Solutions

CUET Economics 2023 29 May Shift 2

Macro

Medium

These items are done to correct the imbalance of BOP Account

These are also known as below the line item

These only occur in capital A/c of BOP

BOP is said to be in surplus if autonomous receipts are greater than autonomous payments

✅ Correct Option: 4

Related questions:

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Match List-I with List-II

List–I	List–II
(A) Devaluation	(I) Price of foreign currency in terms of domestic currency increase
(B) Revaluation	(II) Price of domestic currency in terms of foreign currency increases
(C) Depreciation	(III) Increase the exchange rate by the action of the Government
(D) Appreciation	(IV) Decreases the exchange rate by the action of the Government

Choose the correct answer from the options given below:

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When an individual buys foreign goods, this spending is known as .....

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Which of the following is not a merit of the flexible exchange rate system?

CUET Economics 2023 29 May Shift 2 PYQs