Reason (R): The ‘Balance of Payments’ of a country is a systematic record of all economic transactions between the ‘residents’ of a country and the rest of the world.
A. Both (A. and (R) are correct and (R) is the right explanation of (A).
B. Both (A) and (R) are correct, but (R) is not the right explanation of (A).
C. (R) is correct, but (A) is not correct.
D. Both (A) and (R) are incorrect.
Answer:A
Reason (R): The ‘Balance of Payments’ of a country is a systematic record of all economic transactions between the ‘residents’ of a country and the rest of the world.
A. Both (A. and (R) are correct and (R) is the right explanation of (A). B. Both (A) and (R) are correct, but (R) is not the right explanation of (A). C. (R) is correct, but (A) is not correct. D. Both (A) and (R) are incorrect.