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Question : 16
Total: 49
Distinguish between Autonomous transactions and Accommodating transactions.
Solution:
| Basis of Difference | Autonomous Transactions of BOP | AccommodatingTransactions of BOP |
|---|---|---|
| Meaning | Those international transactions which are undertaken by a country with economic motive like earning income and profit motive. | Those international transactions which are undertaken deliberately to bring equality in Balance of Payment (BOP). |
| Undertaken by whom | These are undertaken by the private sector. | These are undertaken by the apex monetary authority of a country. |
| Example | McDonald outlet in India. | Loan taken by RBI from IMF. |
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