Question: . Title Table : 4.4 year 1990-91 17 Debits US million dollars Credits US million dollars 8,402 Current account deficit 9,680 Capital account surplus Decrease

. Title Table : 4.4 year 1990-91 17 Debits US

Title Table : 4.4 year 1990-91 17 Debits US million dollars Credits US million dollars 8,402 Current account deficit 9,680 Capital account surplus Decrease in reserves 1.278 9.680 9.680 Table : 4.5 year 1991-92 Debits US million dollars Credits US million dollars 1,178 Current account deficit Increase in reserves Capital account surplus 4,754 3,576 4,754 4.754 Table : 4.6 year 1994.95 Debits Credits US million dollars US million dollars 2,624 7,381 Current account deficit Increase in reserves Capital account surplus 4.757 7,381 7,381 inds. hat. (me 2 (1, neip of spcuc mustrades .US Tinnets. transaetc. nmin chemis. 11 cm 4. Devaluation is the most effective remedy for correcting and adverse BOP situation". Critically examine this statement with the help of appropriate illustrations

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