What are accomodating items?

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Solution

Accommodating items are those economic transactions that are undertaken by the RBI with a view to correcting imbalances in the country's BoP Account. These items are also known as 'below the line items.'

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Accommodating items are those items of BoP which:

Q. Accommodating items of trade are undertaken in order to maintain the balance in the BOP account.

State the following true or false:

(a) Accommodating items are undertaken in order to balance the BOP account.

(b) Foreign exchange received on account of textile will be recorded in the capital account of the BOP.

(a) The balance of visible trade is 4000 crores and the balance of invisible trade is 25,000 crores. If the value of imports of services is 7000 crores, what will be the value of export of services?

(b) State the following true or false:

(i) Accommodating items are undertaken in order to balance the BOP account.

(ii) Foreign exchange received on account of textile will be recorded on the capital account of BOP.

(iii) Autonomous items are also known as " Below the line items''.

What are autonomous items?

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