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Consider the following statements regarding the Current Account of Balance of Payment: It represents the trade in goods, services and assets between residents of a country with the rest of the world for a specified time. The Net Invisibles component of the current account includes services and transfer of income. The Balance of Trade (BOT) component includes the difference in value of exports and imports of goods only. Which of the statements given above are correct?a)1, 2 and 3b)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the Current Account of Balance of Payment: It represents the trade in goods, services and assets between residents of a country with the rest of the world for a specified time. The Net Invisibles component of the current account includes services and transfer of income. The Balance of Trade (BOT) component includes the difference in value of exports and imports of goods only. Which of the statements given above are correct?a)1, 2 and 3b)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the Current Account of Balance of Payment: It represents the trade in goods, services and assets between residents of a country with the rest of the world for a specified time. The Net Invisibles component of the current account includes services and transfer of income. The Balance of Trade (BOT) component includes the difference in value of exports and imports of goods only. Which of the statements given above are correct?a)1, 2 and 3b)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?.

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Here you can find the meaning of Consider the following statements regarding the Current Account of Balance of Payment: It represents the trade in goods, services and assets between residents of a country with the rest of the world for a specified time. The Net Invisibles component of the current account includes services and transfer of income. The Balance of Trade (BOT) component includes the difference in value of exports and imports of goods only. Which of the statements given above are correct?a)1, 2 and 3b)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding the Current Account of Balance of Payment: It represents the trade in goods, services and assets between residents of a country with the rest of the world for a specified time. The Net Invisibles component of the current account includes services and transfer of income. The Balance of Trade (BOT) component includes the difference in value of exports and imports of goods only. Which of the statements given above are correct?a)1, 2 and 3b)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements regarding the Current Account of Balance of Payment: It represents the trade in goods, services and assets between residents of a country with the rest of the world for a specified time. The Net Invisibles component of the current account includes services and transfer of income. The Balance of Trade (BOT) component includes the difference in value of exports and imports of goods only. Which of the statements given above are correct?a)1, 2 and 3b)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding the Current Account of Balance of Payment: It represents the trade in goods, services and assets between residents of a country with the rest of the world for a specified time. The Net Invisibles component of the current account includes services and transfer of income. The Balance of Trade (BOT) component includes the difference in value of exports and imports of goods only. Which of the statements given above are correct?a)1, 2 and 3b)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding the Current Account of Balance of Payment: It represents the trade in goods, services and assets between residents of a country with the rest of the world for a specified time. The Net Invisibles component of the current account includes services and transfer of income. The Balance of Trade (BOT) component includes the difference in value of exports and imports of goods only. Which of the statements given above are correct?a)1, 2 and 3b)1 and 2 onlyc)2 and 3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.