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Why is Balance of payment prepared? - Commerce

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प्रश्न

Why is Balance of payment prepared?

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उत्तर

Balance of payment help in framing monetary, fiscal and trade policies of country. Government keenly observes balance of payment position of its important trade partners in making policy decisions. It reveals whether a country produces enough economic output to pay for its growth.

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Concept of Balance of Payments (BOP)
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अध्याय 28: Balance of Trade and Balance of Payments - Exercises [पृष्ठ २९६]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
अध्याय 28 Balance of Trade and Balance of Payments
Exercises | Q III. 1. | पृष्ठ २९६
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