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Question
‘Owing to the Russia-Ukraine crisis, the world is experiencing rising crude prices due to supply-side issues.’
Identify the most likely impact on the Balance of Payment situation of the Indian economy from the following:
Options
Production of cars in India will rise.
Production and sale of cycles in India will rise.
Inflow of US Dollars in India will rise.
Outflow of US Dollars from India will rise.
Solution
Outflow of US Dollars from India will rise.
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