Balance of payments

Balance of payment is measured as

• Difference between visible items of exports and imports

• Difference between invisible items of exports and imports

• Difference between external and internal flow of gold

• Difference between all receipts of foreign exchange and payment of foreign exchange

Balance of trade is measure as

• Difference between import and export of goods

• Difference between import and export of services

• Difference between import and export of capital

• Difference between all exports and all imports

In which of the following categories are there transactions of balance of trade recorded?

• Visible items

• Invisible items

• Capital transfers

• All of these

Current account records transactions relating to

• Export and import of goods

• Non factor and factor income

• Current transfers

• All of these

Which of the following items related to BOP on capital account?

• Foreign investment

• Loans

• NRI remittances

• All of these

Which of the following are not included in balance of trade?

• Payment of interest and dividend

• Expenditure by tourists

• Borrowing from rest of the world

• All of these

If the value of visible exports exceeds the value of visible imports balance relates to;

• Current account BOP

• Capital account BOP

• Balance of trade

• None of these

Unilateral transfers are

• One sided payments

• Reciprocal payments

• Factor incomes

• None of these

Suppose in BOP occurs when

• Receipts =payments

• Receipts < payments

• Receipts > payments

• Both a and c

Balance of payments is in this equilibrium when

• Capital account balance + capital account balance is not equal to zero

• Capital account balance + capital account is not positive number

• Capital account balance + capital account balance is not negative number

• All of these