NextQ59

(a) Define Accommodating Items under Balance of Payments (BoP). (b) "Economic transactions that are recorded in the current account can be classified in two parts — merchandise and invisibles. Net inflows from both the transactions are referred to as Trade Surplus." Do you agree with the given statement ? Give valid arguments in support of your answer.

Introduction to Balance of PaymentsStudy Simplify SpecialPYQ1MCQ
Question 58

Purchase of a property by an Indian resident abroad can be recorded on the ___________ side of ___________ account of Balance of Payments. (Choose the correct option to fill in the blanks)

58/69