What are autonomous items?

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Solution

Autonomous items are those international economic transactions in the current and capital account that are undertaken for certain economic or profit motive. These items are also known as 'above the line items'.

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Q. Autonomous items are also known as 'below the line' items.

Autonomous items are related to those transactions which:

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.

What are semi-autonomous cells?

(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''.

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