Question

State, giving valid reasons whether the following statements are true orf alse :
(i) Trade deficit is always a great cause of worry for an economy.
(ii)Depreciation of currency has same effect on exports as devaluation ofcurrency.(iii) ‘Indians investing in assets abroad’ will be recorded under debitside of capital account in Balance of Payments.

Answer 1

Answer:

Indians investing in assets aborad will be recorded under debiitside of capital account in balance of payments