Q. Which among the following sentence is NOT true
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(A)
items are said to be above the line (autonomous) or below the line (accommodating).
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(B)
the sum of the accommodating and autonomous items must be zero, since all entries in the balance of payment s accounts must come under one of the tw3o headings.
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(C)
a surplus in a nation’s balance of payments is given by a net debit balance in the nation’s autonomous items and a deficit is given by a net credit balance.
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(D)
b o p is a systematic statistical statement or record of the character and dimensions of the country’s economic relationship with the rest of the world.
✅ Correct Answer: (C)
a surplus in a nation’s balance of payments is given by a net debit balance in the nation’s autonomous items and a deficit is given by a net credit balance.