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Multiple Choice Questions

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

Economic Affairs Balance of Payments

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

This questions was previously asked in

UPSC CSP Previous Year Paper (2013)

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

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goods exported from a country during a year

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economic transaction between the government of one country to another.

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capital movements from one country to another

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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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