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Question
The measurement of Balance of Payments deficit is based on ______ transactions.
Options
Autonomous
Accommodating
Current account
Capital account
MCQ
Fill in the Blanks
Solution
The measurement of Balance of Payments deficit is based on Autonomous transactions.
Explanation:
Autonomous items in the Balance of Payments refer to transactions driven by profit maximisation rather than maintaining balance. This parameter is used to determine the deficit in the balance of payments.
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