New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What will be the Balance of Payment in the above table?

    A $35,000 Correct Answer Incorrect Answer
    B $175,000 Correct Answer Incorrect Answer
    C $35,000 Correct Answer Incorrect Answer
    D $20,000 Correct Answer Incorrect Answer

    Solution

    Balance of Payments = Balance of current account + Balance of capital account + Balance of financial account = -$70,000+$45,000+$60,000 = $35,000

    Practice Next