WorksheetsBalance of Payment
Total questions: 10
Worksheet time: 5mins
Which out of the following is not included in "Residents" in B.o.P transactions?
Firms
Foreign military personnel
Government agencies
Individuals
An accounting statement that provides a systematic record of all the economic transactions between residents of a country and the rest of the world is
Balance of Payments
Balance of Trade
Government Budget
None of these
Balance of payment is a _______ concept
Stock
Flow
Either (a) or (b)
Neither (a) or (b)
The inflow of foreign exchange is recorded on the _______ side
Credit
Debit
Both (a) and (b)
Neither (a) nor (b)
When receipts of foreign exchange are more than payments of foreign exchange, BOP is
Balanced
Surplus
Deficit
Neither (a) or (b)
"Unilateral transfers" are also known as:
Bilateral Transfers
One-way Transfers
Both (a) and (b)
None of the above
Balance on "Balance of Trade" can be
Surplus
Balanced
Deficit
Either (a) or (b) or (c)
Which of the following is not a component of Balance of Payment
Capital Account
Current Account
Nominal Account
None of the above
Export and import of goods is also known as
Invisible Trade
Visible Trade
One-sided transactions
Unrequited transfers
______ refers to the difference between exports and imports of visible items
Balance of payments
Balance of Trade
Both (a) and (b)
Neither (a) nor (b)
