Balance of Payments BOP Accounts of a country reflects 1 All expenditures and revenues of the govern...........

Economic Affairs Balance of Payments

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Balance of Payments (BOP) Accounts of a country reflects:

1. All expenditures and revenues of the government.

2. All exports and imports going out and coming in an economy during the year.

3. Net external borrowings taken by both government and the private sector during a year.

4. Net foreign investment in the country during a year.

Select the correct answer using the codes given below:

2 and 3 only

3 and 4 only

2, 3 and 4 only

1, 2, 3 and 4

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Explanation:

1st statement is incorrect.
The balance of payments, also known as balance of international payments and abbreviated B.O.P., 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).