Question
What is meant by Balance of payments? Distinguish between current account and capital account
Answer :
Word Count : 455
Balance of Payments (BoP) refers to a systematic record of all economic transactions between a country and the rest of the world during a specific period, typically a year. It includes imports, exports, financial transfers, and investments, providing an overview of the country's economic dealings with foreign entities. The BoP is divided into two main accounts: the current account and the capital account.
Comparison between the current account and the capital account in tabular form:
| Aspect | Current Account | Capital Account |
|---|---|---|
| Definition | The current account records the flow of goods, services, income, and current transfers into and out of a country. | The capital account records transactions involving __________ ___ _________ ______ _________ _______ __________ ___ ____ ____ _______ ____. ____ _________ _________ _______ __________. ________ _______ __________ _________ _______ ________. _______ __________ ________ _______ ______. ________ ________ ________ ______ _________ __________. ________ _________ ____ __________ ____ __________ ________ ___. ____ _________ ___ __________ ____ _______ ______. _________ ___ ___ ________ ___ ___. _____ ________ ________ ___ ________. _______ _________ ________ ________ __________ _________ _______ _______ _____. _______ __________ ______ ____ __________ ___ ______ _______ ___ _____ ____ _____. _____ ____ _______ ___ ______ __________ _________. _________ _____ ____ ___ _________ ______. ____ ________ _____ __________ ____ ____ ______ ______. ___ _____ _____ _______ _____ _________ _________ ____ ____. ________ _____ _________ _________ ______ __________ _________ ________ __________. _________ _________ __________ _______ ________ _____. ___ __________ ________ __________ ___ __________. ________ ____ ______ ___ _______ _______ _____ _______. ___ _________ _________ _____ _________ ______ ________ _____ ______. ___ ____ ___ ___ __________ _________ _____ ___ _________. ______ _____ _____ _______ _______ _________ _________ ______ _________. _________ _________ __________ _________ ______ _________. _______ ____ __________ _____ _____ ______ ____ ___ _________ _______ _________ ________. _________ ____ __________ ______ _________ _______ __________ __________ ___. ________ _____ _______ __________ ____ ____ ________ ________. ______ ___ ________ __________ __________ ________ __________ _____ ________. ________ ______ ______ __________ ____ _______. ________ __________ ______ ___ __________ __________ __________ __________ _______. __________ _________ _____ _________ _______ __________ ______ ________ ____. _________ __________ ______ ______ ____ _______ ______ ____. _______ ___ ____ ______ _____. _________ ___ __________ __________ ___ _________ ______. ___ _________ ___ ______ _______ ____ _______ _________ __________ _______. ___ ________ _________ _____ _____. _________ _________ _______ _____ ___ _______ ____ __________ _____ _______ _____. ______ ______ _______ _______ ___ ________. ____ __________ ___ _______ _____ ____ ___ __________ _____ _______. _______ _____ _________ ________ _____ _________ ______ ___ ________ ______. ______ ________ ___ ___ ________ ____ ________ ___ _________. ______ _______ ____ ___ _____. __________ ____ _____ ________ ______ ________ ______ ____ ________ __________. ____ ____ _____ _________ ____ _______ ___ ______ _______. __________ __________. Get Full Answer on WhatsApp IGNOU NEWS Assignment Submission Last Date Extended Till 30 June 2026 Click Here★★★IGNOU June 2026 TEE Date Sheet Released Click Here★★★ Top |