Question
Which of the following statement is true about Autonomous transactions?
This question was previously asked in
Shift 29/05/2023 3:30 PM - 6:30 PM
A
These items are done to correct the imbalance of BOP Account
B
These are also known as below the line item
C
These only occur in capital A/c of BOP
D
BOP is said to be in surplus if autonomous receipts are greater than autonomous payments
Correct Answer
BOP is said to be in surplus if autonomous receipts are greater than autonomous payments
Detailed Explanation
The true statement about Autonomous transactions is: BOP is said to be in surplus if autonomous receipts are greater than autonomous payments.
Autonomous transactions are a part of the Balance of Payments (BOP) accounting, and they refer to transactions that are not influenced by government policies or official actions. When autonomous receipts (inflows) exceed autonomous payments (outflows), the BOP is in surplus.
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