CUET Economics 2025 29 May Shift 2 PYQs

Balance of payments of an economy is in surplus when__________

1. Autonomous receipts > Accommodating receipts
2. accommodating receipts > accommodating payments
3. total international receipts > total international payments
4. autonomous receipts > autonomous payments

Under this system, official reserve transactions are not equal to zero.

Under a flexible exchange rate, when the price of domestic currency in terms of foreign currency increases is called?

1. Depreciation of domestic currency.
2. Appreciation of domestic currency.
3. Devaluation of domestic currency.
4. Revaluation of domestic currency.