Question

16. Government takes measures to restrict autonomous imports of gold. Explain the economic value desired to be
achieved from this.​

Answer 1

Answer:

Restricting autonomous imports of gold will reduce the foreign exchange demand. It will reduce the foreign exchange payments. Since autonomous payments decline, BOP deficit will decline. This decline will reduce pressure of deficit and it is the economic value realized.

Explanation:

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Answer 2

Answer:

Restricting autonomous imports of gold will reduce the foreign exchange demand. It will reduce the foreign exchange payments. Since autonomous payments decline, BOP deficit will decline. This decline, will reduce pressure of deficit and it is the economic value realised

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