Which of the following is/are possible reason(s) for a surplus in the balance of payments? (A) Decline in imports (B) Decline in interest rate (C) Increase in export (D) Increase in income tax (E) High outward foreign direct investment Choose the most appropriate answer from the options given below:
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Balance of payments and exchange rates has come up 120 times in 7 exams since 2007.
This question is on Balance of payments disequilibrium and adjustment, part of Balance of payments and exchange rates in International Economics.
What causes a deficit or surplus and how it is corrected.
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Question from the UGC-NET 2024 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.