CUET Economics PYQs

The shape of supply curve of foreign exchange is :

Official reserve sale refers to

1. The reserve bank sells foreign exchange when there is a deficit.
2. The International Monetary Fund sells foreign exchange when there is a deficit.
3. Net consequences of autonomous transactions.
4. The agreement in which national currencies are traded for one another.

The Reserve Bank sells foreign exchange when there is a deficit. This move of RBI is known by which of the following?

1. Official reserve sale.
2. Balance of payments deficit.
3. Balance of payments surplus.
4. Balance of trade.