Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy External Sector and Currency Exchange rate
Assertion (A): Balance of Payment takes both visible and invisible items unlike Balance of trade.
Reason (R): Balance of payment includes - Current and Capital accounts only.
Choose the correct answer from the codes given below:
1
Both A and R are true and R is the correct explanation of A
2
Both A and R are true and R is not the correct explanation of A
3
A is true but R is false
4
A is false but R is true