Name the two principal items of balance of payments.
Payment for imports and receipts for exports are the two principal items of balance of payments.
Write down the sourcess of foreign exchange.
Sources of foreign exchange are (i) Earning by exporting goods and service and (ii) Remittance by NRIs.
When does the problem of adverse balance of payments arise?
Problem of adverse balance of payments arise when receipts of foreign exchange fall short of their payments.
What does fiscal policy refer to?
Fiscal policy refers to revenue and expenditure policy of the government.
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