Q: 66 (IAS/2006)


Assertion (A): ‘Balance of Payments’ represents a better picture of a country’s economic transactions with the reset of the world than the ‘Balance of Trade’.
Reason (R): ‘Balance of Payments’ takes into account the exchange of both visible and invisible items whereas ‘Balance of Trade’ does not.
question_subject: 
Economics
question_year: 
2006
question_exam: 
IAS
question_sub_subject: 
General Economics
question_topic: 
International Economics
stats: 
0,3272,768,3272,376,304,88