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Question
Balance of payments surplus indicates ______.
Options
Exports are more than the Imports
Imports are more than Exports
Exports and Imports are at Equilibrium
Exports and Imports are above Equilibrium
Solution
Balance of payments surplus indicates Exports are more than the Imports.
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RELATED QUESTIONS
Statements incorrect in relation to Balance of Trade:
- It is also referred to as international trade balance.
- Trade surplus arises when export value is greater than import value.
- Trade deficit takes place when import value is greater than export value
- Balance of trade includes value of imports and exports of visible goods only
Export value > Import value : Trade surplus :: Import value > Export value : ______
Balance of trade is also referred to as ______.
Assertion (A): Balance of trade is also referred to as Balance of payments.
Reasoning (R): Balance of trade includes the value of imports and exports of visible goods and invisible goods.
What do you mean by Balance of payments?
Why is Balance of payment prepared?
Distinguish between the following:
Balance of payments and Balance of trade.
Distinguish between the following:
Balance of payments and Balance of trade
Distinguish between Balance of payments and Balance of trade.
Distinguish between the following:
Balance of payments and Balance of trade.
