+91-8076753736 [email protected]

-->

Open Economy Macroeconomics

Question

Wired Faculty App

When is there deficit in BOT?

Solution

When value of exports is less than value of imports, then BOT is called in deficit.

Some More Questions From Open Economy Macroeconomics Chapter

What is meant by balance of payment (BOP) account?
or
What does BOP account record?
or
Where are borrowings from abroad recorded and why

Balance of payment always balances. Comment.

When does a situation of deficit/surplus in BOP arise?
or
Explain meaning of deficit in BOP.

Distinguish between BOT and BOP.

Distinguish between current account and capital account of BOP account. Mention any two transactions (components) of each.

State any four items of current account of BOP account.

Distinction between Balance on trade account and Balance on current account

What does a deficit in current account of BOP indicate?

State any four components (items) of capital account of BOP account.

Export and import of machines recorded in capital account of BOP account. True or false? Give reasons.

Mock Test Series

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation