12th Class Economics Foreign Exchange Rate Question Bank MCQs - Foreign Exchange Rate

From the following statements given in Column I and Column II, choose the correct pair of statements:

Column I Column II

A. Records only visible items 1. Balance of payments current account

B. Records both visible and invisible items 2. Balance of payments capital account

C. Records change in asset 3. Balance of trade and liability status

A) A - 3, B - 1, C - 2

B) A - 1, B - 2, C - 3

C) A - 2, B - 3, C - 1

Correct Answer: A

Solution :

[a] A - 3, B - 1, C - 2