Balance of Payment of any country would include which of the following 1 Differ...........

Economic Affairs Balance of Payments

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Balance of Payment of any country would include which of the following:

1. Difference of imports and exports of government

2. Aid received by government

3. Difference of imports and exports of non-government entities

4. Inflow of foreign currency through FDI/FIIs

5. Gifts and remittances

Codes:

1, 2 & 4

2, 3 & 5

1, 3, 4 & 5

All of above

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Explanation:

Aid received by government is not the part of Balance of Payment.
The balance of payments, also known as balance of international payments and abbreviated BoP, of a country is the record of all economic transactions between the residents of the country and the rest of the world in a particular period (over a quarter of a year or more commonly over a year).