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प्रश्न
Distinguish between balance of trade and balance on current account?
उत्तर
| Basis of Difference | Balance of Trade | Balance on Current Account |
| 1. Meaning | Record of visible transactions | Record of the visible as well as invisible and unilateral transactions |
| 2. Components | Balance of exports and imports of all physical goods | Balance of visible trade, invisible trade and unilateral transfers |
| 3. Nature of transactions | Records the transactions relating to physical goods | Records the transactions relating to goods, services and unilateral transactions |
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संबंधित प्रश्न
Give meaning of balance of trade.
The Balance of Payments councils consists of ______.
The term official capital includes
What do you mean by Balance of trade?
What is the composition of private capital?
Mention the components of official capital.
What are the credit items shown in currents accounts?
State the components of capital account.
Write down the structure of capital account
Distinguish balance of payment and balance of trade
When the import and export of visible items are equal, the situation is known as ______.
When there is a favourable balance of trade?
Balance of trade is measured as ______.
If balance of trade is (-) Rs. 600 crore and value of exports is Rs. 500 crore then the value of imports will be ______.
Read the following statements -Assertion (A) and Reason(R), choose one of the correct alternatives given below:
Assertion (A): Trade of invisible items between two nations is a part of capital account of Balance of Payment
Reason(R): Transactions that affect the asset-liability status of a country in relation to the rest of the world are known as Capital Account transactions.
Read the following statements - Assertion (A) and Reason(R), Choose one of the correct alternatives given below:
Assertion (A): If the receipts and payments on the current account are equal to each other, it depicts a situation of Current Account Surplus.
Reason (R): A surplus current account means that the nation is a lender to other countries and a deficit current account means that the nation is a borrower from other countries.
