Economics · Balance of Payments
In the framework of Balance of Payments (BOP), 'Autonomous Transactions' are best defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Accounting adjustments made to absorb statistical errors in cross-border trade.
- 2International economic transactions carried out for autonomous commercial or profit motives, independent of the BOP situation ('above-the-line' items).✓
- 3Financing transactions designed to cover deficits or surpluses resulting from other flows.
- 4Transactions undertaken by monetary authorities to restore equilibrium in the BOP.
Correct answer
International economic transactions carried out for autonomous commercial or profit motives, independent of the BOP situation ('above-the-line' items).
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Balance of Payments MCQs →Want more practice questions on Balance of Payments?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Balance of Payments