ECONOMICS (CBSE/UGC NET)

ECONOMICS

BALANCE OF PAYMENTS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Foreign investor payments for the purchase of BHP-Billiton shares would be recorded in Australia’s
A
financial account.
B
capital account.
C
goods section of the current account.
D
primary income section of the current account.
Explanation: 

Detailed explanation-1: -BHP Group Limited has a primary listing on the Australian Securities Exchange (ASX) in Australia; a standard listing on the London Stock Exchange (LSE) in the United Kingdom; and a secondary listing on the Johannesburg Stock Exchange (JSE) in South Africa.

Detailed explanation-2: -The Vanguard Group, Inc. First Sentier Investors (Australia) IM Ltd. BlackRock Investment Management (UK) Ltd. State Street Global Advisors Trust Co.

Detailed explanation-3: -Shareholder details Merger ratio – on completion at 1 June 2022, the merged business will be owned approximately 52 per cent by existing Woodside shareholders and 48 per cent by BHP shareholders. Dividend entitlement – BHP received 914, 768, 948 Woodside shares as consideration for the sale of BHP Petroleum.

Detailed explanation-4: -Compare share trading platforms. To buy shares listed in Australia, you’ll need to sign up to a broker with access to the ASX. Open and fund your brokerage account. Search for BHP Group. Purchase now or later. Decide on how many to buy. Check on your investment.

There is 1 question to complete.