Question : When receipts of foreign exchange are more 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: Surplus BOP
Solution : When receipts of foreign exchange are more than payment of foreign exchange. It is known as surplus BOP. Hence option A is correct.
Question : When receipts of foreign exchange are less 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 more than its import, then balance of trade is said to be in ______.
Question : What is the difference between a balanced budget and a deficit budget?
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