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Assertion (A) Balance of payments represents a better picture of a country economic transactions with the rest of the world than the balance of trade. Reason (R) Balance of payments takes into account the exchange of both visible and invisible items whereas balance of trade does not. [CSE (Pre) 2006] Codes:

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Assertion (A) Balance of payments represents a better picture of a country economic transactions with the rest of the world than the balance of trade. Reason (R) Balance of payments takes into account the exchange of both visible and invisible items whereas balance of trade does not. [CSE (Pre) 2006] Codes:






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