Balance of Payments
Economics ⇒ International Trade and Globalisation
Balance of Payments starts at 11 and continues till grade 12.
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See sample questions for grade 12
A country has the following data for a year: Exports of goods = ₹500 crore, Imports of goods = ₹600 crore, Exports of services = ₹200 crore, Imports of services = ₹100 crore. Calculate the balance of trade and the balance on goods and services.
Define the capital account in the Balance of Payments.
Describe the relationship between the Balance of Payments and exchange rates.
Explain the difference between autonomous and accommodating transactions in the Balance of Payments.
Explain the difference between the current account and the capital account in the Balance of Payments.
Explain the impact of a persistent current account deficit on a country's economy.
Explain the term 'autonomous transactions' in the Balance of Payments.
Explain the term 'Balance of Trade'.
What is meant by 'debit' and 'credit' entries in the Balance of Payments?
What is meant by 'errors and omissions' in the Balance of Payments?
What is meant by 'invisible items' in the Balance of Payments?
What is the Balance of Payments (BoP)?
