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61. Assertion (A). Devaluation improves the balance of payment deficit. Reason (R). Devaluation leads to a decrease in the prices of exports and an increase in the price of exports.
If both A and R are true and R is the correct explanation of A.
If both A and R are true but R is Not the correct explanation of A
If A is true but R is false
If A is false but R is true
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62. Assertion (A). Gold standard broke down after the first world war. Reason (R). Countries had a different rate of inflation
63. Assertion (A). The balance of trade is the difference between exports and imports of goods. Reason (R). The balance of current accounts is the difference between exports and imports of services.
If both A and Rare true but R is Not the correct explanation of A
64. assertion (A). IMF provides long term loans for developmental purposes. Reason (R). Long term loans are important for the development of LDCs.
65. Assertion (A). In case of a flexible exchange rate, the Government is free from the consideration of Balance of Payment, and the Government can concentrate on domestic economic policy. Reason (R). The automatic adjustment balance of payment is achieved in case of a free exchange rate through changes in exchange rates.
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