Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy External Sector and Currency Exchange rate
Consider the following statement regarding Invisible Trade.
1. Invisible trade is trade in intangible assets and Visible trade is trade in tangible assets.
2. It has three parts: Services, Transfers and Income receipts.
Which of the statements given above is/are correct?1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2