With reference to Complementary Goods, consider the following
statements:

1. If the price of a good increases, then the demand for its complementary good will increase simultaneously.

2. They compete with each other in an open market economy.

With reference to Balance of Payments (BoP), consider the following statements :

1. BoP records the transactions in goods, services and assets between residents of a country with the rest of the world for a specified time period

2. The current account and the credit account are the important components of the BoP

Q.: Consider the following statements:

1. Food and Agriculture Organization (FAO) organizes closing ceremony of the International Year of Millets (IYM).
2. • The event highlighted importance of millets in achieving sustainable development goals and its emergence as a ‘Global Superfood’
3. • India has proposed to the United Nations to declare the year 2023 as IYM.

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