Q
The ‘Balance of Payment’ is understood as:
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A
A. The balance of amount after paying debt
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B
B. The balance of income and expenditures in the annual budget
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C
C. The balance between a nation’s expenditures on imports and its receipts from exports
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D
D. None of these
Correct Answer:
C. C. The balance between a nation’s expenditures on imports and its receipts from exports
