Across
- 2. Surplus or deficit in the balance of trade is a part of this account.
- 6. The reserve held by RBI in foreign currencies, SDRs, and gold.
- 9. Non-tax revenue earned from PSUs and government enterprises.
- 10. When a country deliberately lowers the value of its currency in terms of foreign currency.
- 11. The situation when imports of goods and services exceed exports.
- 12. The tax that falls more heavily on the poor than the rich, making it regressive in nature.
Down
- 1. Name of the institution in India responsible for managing foreign exchange reserves.
- 3. An increase in demand for foreign currency causes its value to _______.
- 4. When government expenditure > government revenue, this gap arises.
- 5. A situation where foreign exchange outflow exceeds inflow
- 7. Import of machinery is recorded under this account.
- 8. The portion of the budget that includes interest payments, pensions, and subsidies.