Question : When receipts of foreign exchange are less than payment of foreign exchange. It is known as __________.

Option 1: Surplus BOP

Option 2: Deficit BOP

Option 3: Balanced BOP

Option 4: None of the above.

Question

Question : When receipts of foreign exchange are less than payment of foreign exchange. It is known as __________.

Option 1: Surplus BOP

Option 2: Deficit BOP

Option 3: Balanced BOP

Option 4: None of the above.

Team Careers360 · Accepted Answer

Correct Answer: Deficit BOP

Solution : When receipts of foreign exchange are less than payment of foreign exchange. It is known as deficit BOP.
Hence option B is correct.

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Question : When receipts of foreign exchange are less than payment of foreign exchange. It is known as __________. Option 1: Surplus BOP Option 2: Deficit BOP Option 3: Balanced BOP Option 4: None of the above.

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Question : When receipts of foreign exchange are less than payment of foreign exchange. It is known as __________.

Option 1: Surplus BOP

Option 2: Deficit BOP

Option 3: Balanced BOP

Option 4: None of the above.