Giving reason, state whether the following statement are true or false.
In balance of payments, repayment of loans by Indian Government to American Government will be reflected as debit item.
In balance of payments, repayment of loans by Indian Government to American Government will be reflected as debit item.
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True.Explanation:
It is so because it leads to outflow of foreign exchange.
It is so because it leads to outflow of foreign exchange.
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