Question : These items are known as below the line items.
Option 1: Visible items
Option 2: Invisible items
Option 3: Autonomous items
Option 4: Accommodating items
Correct Answer: Accommodating items
Solution : Accommodating items are known as below the line items. Hence option D is correct.
Question : These items are known as above the line items.
Question : It refers to those transactions that are undertaken to cover the gap in the balance of payment.
Option 3: Accommodating items
Option 4: Autonomous items
Question : It refers to those international economic transactions, which takes place due to some economic motive such as profit maximisation.
Option 4: Autonomous items.
Question : It is a stock concept as it includes all items expressing change in stock.
Option 1: Capital account
Option 2: Current account
Option 4: Accommodating items.
Question : It is a flow concept as it includes all items of flow nature.
Option 1: Current account
Option 2: Capital account
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