ECONOMICS
BALANCE OF PAYMENTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following are NOT included in balance of trade?
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Exports of goods
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Exports of services
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Investments by local firms abroad
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Imports of goods and services
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Explanation:
Detailed explanation-1: -GNP does not include dividends and interest from abroad in Income.
Detailed explanation-2: -Balance of trade (BOT) is the difference between the value of a country’s exports and the value of a country’s imports for a given period.
Detailed explanation-3: -Short-term commercial borrowings are not included in the current account of the Balance of Payment(BoP) in India.
Detailed explanation-4: -Government Loans to Foreign Governments.
There is 1 question to complete.