Giving reason, state whether the following statement are true or false.
Accommodating items are also known as 'above the line' items.
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False.Explanation:
Accommodating items are also known as 'below the line' items. (Autonomous items are also known as 'above the line' items.)
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Are the following statement true or false? Give reason.
Depreciation of Indian rupees will occur when ₹ 55 have to be paid to exchange one US $ instead of present rate of ₹ 50/ $.
Giving reason, state whether the following statement are true or false.
Unilateral transfers received from abroad will be recorded as a credit item of BOP on current account.
Giving reasons, state whether the following statements are true or false:A fall in the price of 1 US dollar from ₹ 50 to ₹ 40 means depreciation of the Indian currency.
Giving reason, state whether the following statement are true or false.
Borrowing by government from World Bank to finance the BOP deficit will be recorded in the capital account.