Multiple Choice Questions on The balance of payments of a country is a systematic record of ........ for General Studies (Level 1) Preparation

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Indian Economy (Easy)

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Indian Economy - Understanding the basics of Indian economic system

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    The balance of payments of a country is a systematic record of

    all import and export transactions of a country during a given period of time, normally a year

    Correct Answer

    goods exported from a country during a year

    Incorrect Answer

    economic transaction between the government of one country to another.

    Incorrect Answer

    capital movements from one country to another

    Incorrect Answer
    Explanation:

    The balance of payments (BoP) record the transactions in goods, services and assets between residents of a country with the rest of the world for a specified time period typically a year. These transactions consist of imports and exports of goods, services and capital, as well as transfer payments, such as foreign aid and remittances.


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