Advertisements
Advertisements
प्रश्न
Answer the following question.
Define "Trade surplus". How is it different from "Current account surplus"?
उत्तर
Trade surplus refers to the situation when exports of goods and services exceed the import of goods and services.
Exports of Goods and Services > Imports of Goods and Service ⇒ Current Account Surplus
Trade surplus is different from "Current Account Surplus". This is because current account is the account which maintains the records of imports and exports of goods and services as well as the record of unilateral transfers.
Current Account Balance = Balance of Visible Trade + Balance of Invisible Trade + Balance of Unilateral Transfers.
संबंधित प्रश्न
What are official reserve transactions? Explain their importance in the balance of payments.
Why is the open economy autonomous expenditure multiplier smaller than the closed economy one?
Calculate the open economy multiplier with proportional taxes, T = tY, instead of lump−sum taxes as assumed in the text.
Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y
a) Find equilibrium income
(b) Find the net export balance at equilibrium income
(c) What happens to equilibrium income and the net export balance when the government purchases increase from 40 to 50?
In the above example, if exports change to X = 100, find the change in equilibrium income and the net export balance.
Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely ______.
BoP is measured as ______.
Which of the following items relate to BoP?
Accommodating items are those items of Bop which ______.
The balance of trade shows a deficit of ₹5,000 crores and the value of imports are ₹9,000 crores. What is the value of exports?
Considering operating surplus which one of the following is not a part of it?
Assertion (A): The Balance of payments is in surplus, if autonomous receipts are greater than autonomous payments.
Reason (R): Autonomous transactions are determined by the difference in the Balance of Payments.
‘Current account deficit in an economy must be financed by a corresponding capital account surplus’.
Do you agree with the given statement? Give valid reason(s) in support of your answer.
'Deficit' in Balance of payment (BOP) refers to the excess of ______.
Distinguish between Autonomous transactions and Accommodating transactions.
