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    Question

    Which of the following can be called as Balance of

    Payment (BoP)?
    A Systematic record of transaction of government in terms of revenue and expenditure Correct Answer Incorrect Answer
    B Systematic record of transaction of import and export of a country Correct Answer Incorrect Answer
    C Systematic record of transaction of all production of goods and services Correct Answer Incorrect Answer
    D Systematic record of transaction between the residents of a country and the rest of the world Correct Answer Incorrect Answer
    E Systematic record of transaction between the residents of a country and the rest of the world in a specific time period. Correct Answer Incorrect Answer

    Solution

    Balance of Payment (BoP) refers to the systematic record of transaction among the residents of a country and the rest of the world in a given time period (usually a year).

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