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.
Answer (1)
25th Jan, 2024
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.
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