Which of the following helps a Government frame its monetary and fiscal policies to enhance the economic growth of the economy and achieve a favourable foreign exchange rate?

Balance of Payment

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Balance Sheet

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Capital Account

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Current Account

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Solution

The correct option is A Balance of Payment
The balance of payments, also known as balance of international payments and abbreviated B.O.P. or BoP, of a country is the record of all economic transactions between the residents of the country and the rest of the world in a particular period of time (e.g., a quarter of a year).

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