ECONOMICS
BALANCE OF PAYMENTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Invisible items in balance of payments include:
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Foreign remittances
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Income from tourists
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Internet charges
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All the three
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Explanation:
Detailed explanation-1: -Under the BoP standard presentation, invisibles form part of the current account and have three major heads: services, transfers and income.
Detailed explanation-2: -Invisible items refer to those items which cannot be seen, felt, touched or measured. For example, services of shipping, banking, insurance, etc. Was this answer helpful?
Detailed explanation-3: -Invisible Items : Exports and Imports of services is called invisible items. For example Shipping Insurance Banking etc.
Detailed explanation-4: -The invisible account includes three sub categories – services, transfers and income. Here, the invisible account registers receipts and payments from exports and imports of services, transfers and income.
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