Advertisements
Advertisements
प्रश्न
Differentiate between balance of trade and current account balance.
उत्तर
|
Points of difference |
Balance of trade |
Current account balance |
|
Definition |
It is the difference between the values of exports and imports of goods of a country. |
It is the difference between the values of exports and imports of goods, services and unilateral transfers of a country. |
|
Components |
1. Export of goods 2. Import of goods |
Export and import of goods, export and import of services, unilateral transfers. |
|
Nature of transactions |
It records transactions related to visible items (i.e. goods) only. |
It records the transactions related to visible items (goods) as well as invisible items (services) and unilateral transfers. |
APPEARS IN
संबंधित प्रश्न
Give meaning of balance of trade.
Distinguish between balance of trade and balance on current account?
Foreign capital long-term loan and foreign currency reserve are recorded under ______.
The term official capital includes
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
Highlight the features of balance of trade.
Trade of visible items between the countries is known as ______.
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): 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.
Suppose, following data is presented, for an imaginary economy:
| Year | Visible Exports | Visible Imports |
| 2010 | 280 | 240 |
| 2020 | 580 | 460 |
Identify, which of the statement about the period 2010 to 2020 is correct?
Assuming that, the following data is given for an imaginary economy:
| Year → | 2020 (₹ in Cr.) |
2021 (₹ in Cr.) |
| Items ↓ | ||
| Exports of visibles | 1,000 | 1,100 |
| Imports of visibles | 800 | 850 |
The balance of Trade from 2020 to 2021 ______ by ₹ ______ crore.
