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.
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.
Question : When receipts of foreign exchange are more than payment of foreign exchange. It is known as __________.
Question : When receipts of foreign exchange or equal to payment of foreign exchange. It is known as __________.
Question : When a government borrows money to finance its expenditures, it is known as:
Question : If a country exports are less than its import, then balance of trade is said to be in ______.
Question : It refers to all currencies other than domestic currency of a given country.
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