A current account deficit means that the nation is a borrower from other countries, which can also be represented as. Option 1: Receipts > Payments Option 2: Receipts = Payments Option 3: Receipts < Payments Option 4: Constant Receipts and Payments

The answer is 'Receipts < Payments'. View full solution:

CUET Economics - A current account deficit means that the nation is a borrower from other countries, which can also be represented as. | PYQs + Solutions

CUET Economics 2025 3 June Shift 2

Macro

Medium

Receipts > Payments

Receipts = Payments

Receipts < Payments

Constant Receipts and Payments

✅ Correct Option: 3

Related questions:

16 May Shift 1

Suppose the central bank of an economy records a net increase in the foreign exchange reserves for a given quarter. How will this be reflected in the balance of payments account of this economy?

CUET Economics 2022 Slot 1

Match List I with List II

List I - Foreign Exchange Rate	List II - Derived Meaning
A. Fixed exchange rate	I. Mixture of fixed and flexible exchange rate system.
B. Floating exchange rate	II. Determined by government.
C. Managed floating	III. Expectation of gain from appreciation of the currency
D. Speculation	IV. Determined by market forces of demand and supply of forex

Choose the correct answer from the options given below:

3 June Shift 2

The value of elements of the balance of payments are given as:

Exports: $150$ million

Imports: $240$ million

Invisibles: $52$ million

Non-factor Services: $30$ million

Transfers: $32$ million

What is the current account balance?

CUET Economics 2025 3 June Shift 2 PYQs

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