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Explain the concept of defucit in …

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Explain the concept of defucit in balance of payments
  • 2 answers

Nayra Gupta 7 years, 8 months ago

When current account balance +capital account balance is some negative no.,pointing to net outward flow of foreign exchange and leading to a decrease in official reserves. .

Deepak Gupta 7 years, 8 months ago

Revenue receipt is less as compare to revenue expenditure
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