📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      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).

      Practice Next
      More Static GA Questions

      Relevant for Exams:

      ask-question