Question : _________ refers to difference between the amount of exports and imports of goods.
Option 1: Balance of payment
Option 2: Balance of trade
Option 3: Accommodating items
Option 4: Autonomous items.
Correct Answer: Balance of trade
Solution : Balance of trade refers to difference between the amount of exports and imports of goods. Hence, Option B is correct.
Question : It refers to the excess of payment for a Imports of visible items over the value of receipt of exports of visible items.
Question : It refers to those transactions that are undertaken to cover the gap in the balance of payment.
Question : It refers to the excess of receipts of exports of visible items over the value of receipt of payments for imports of visible items.
Question : On the ___ account, merchandise exports and imports of goods are _______ transactions.
Question : Under ______________, transactions of capital nature are not recorded.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile