UPSC CSE Prelims 2006 Q16 — Indian Economy PYQ with Answer
2006Q16·Indian Economy·External Sector & Balance Of Payments
Assertion (A): ‘Balance of Payments’ represents a better picture of a country’s economic transactions with the rest of the world than the ‘Balance of Trade’.
Reason (R): ‘Balance of Payments’ takes into account the exchanges of both visible and invisible items whereas ‘Balance of Trade’ does not.
