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Balance of payments ‘surplus refer to excess of
- a)Current account payment over current account receipts
- b)Capital account payment over capital account receipts
- c)Autonomous payments over autonomous receipts
- d)Autonomous receipts over autonomous payments
Correct answer is option 'D'. Can you explain this answer?
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Balance of payments ‘surplus refer to excess ofa)Current account...
The balance of payments is a record of all financial transactions made between a country and the rest of the world over a specific time period, typically a year. It consists of two main components: the current account and the capital and financial account.
The current account includes the trade balance, which is the difference between a country's exports and imports of goods and services. It also includes income from foreign investments, such as dividends and interest, as well as transfers of money between countries, such as foreign aid or remittances from overseas workers.
The capital and financial account includes capital flows, such as foreign direct investment, portfolio investment, and loans between countries. It also includes changes in a country's foreign exchange reserves.
The balance of payments is important because it provides information on a country's economic and financial transactions with the rest of the world. A surplus in the balance of payments means that a country is receiving more money from exports and investments than it is spending on imports and investments abroad, while a deficit means the opposite. A balanced or neutral balance of payments means that a country's inflows and outflows are roughly equal.
A country's balance of payments can have implications for its currency exchange rate, as well as its overall economic stability. It is often used as an indicator of a country's economic health and competitiveness in international trade.
The current account includes the trade balance, which is the difference between a country's exports and imports of goods and services. It also includes income from foreign investments, such as dividends and interest, as well as transfers of money between countries, such as foreign aid or remittances from overseas workers.
The capital and financial account includes capital flows, such as foreign direct investment, portfolio investment, and loans between countries. It also includes changes in a country's foreign exchange reserves.
The balance of payments is important because it provides information on a country's economic and financial transactions with the rest of the world. A surplus in the balance of payments means that a country is receiving more money from exports and investments than it is spending on imports and investments abroad, while a deficit means the opposite. A balanced or neutral balance of payments means that a country's inflows and outflows are roughly equal.
A country's balance of payments can have implications for its currency exchange rate, as well as its overall economic stability. It is often used as an indicator of a country's economic health and competitiveness in international trade.
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Balance of payments ‘surplus refer to excess ofa)Current account...
Surplus in BoP is a state where receipts on account of autonomous items exceeds over autonomous payment as these are independent of BoP.
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Balance of payments ‘surplus refer to excess ofa)Current account payment over current account receiptsb)Capital account payment over capital account receiptsc)Autonomous payments over autonomous receiptsd)Autonomous receipts over autonomous paymentsCorrect answer is option 'D'. Can you explain this answer?
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Balance of payments ‘surplus refer to excess ofa)Current account payment over current account receiptsb)Capital account payment over capital account receiptsc)Autonomous payments over autonomous receiptsd)Autonomous receipts over autonomous paymentsCorrect answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Balance of payments ‘surplus refer to excess ofa)Current account payment over current account receiptsb)Capital account payment over capital account receiptsc)Autonomous payments over autonomous receiptsd)Autonomous receipts over autonomous paymentsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Balance of payments ‘surplus refer to excess ofa)Current account payment over current account receiptsb)Capital account payment over capital account receiptsc)Autonomous payments over autonomous receiptsd)Autonomous receipts over autonomous paymentsCorrect answer is option 'D'. Can you explain this answer?.
Balance of payments ‘surplus refer to excess ofa)Current account payment over current account receiptsb)Capital account payment over capital account receiptsc)Autonomous payments over autonomous receiptsd)Autonomous receipts over autonomous paymentsCorrect answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Balance of payments ‘surplus refer to excess ofa)Current account payment over current account receiptsb)Capital account payment over capital account receiptsc)Autonomous payments over autonomous receiptsd)Autonomous receipts over autonomous paymentsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Balance of payments ‘surplus refer to excess ofa)Current account payment over current account receiptsb)Capital account payment over capital account receiptsc)Autonomous payments over autonomous receiptsd)Autonomous receipts over autonomous paymentsCorrect answer is option 'D'. Can you explain this answer?.
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