Find the balance on non-factor services from the following information-iBalance of visible trade - 500 - -text iiIncome - 20011 iiiTransfers - 100 1lend array A- 100B- 500C- 700D- 900

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Standard XII

Economics

Current Account

Find the bala...

Question

Find the balance on non-factor services from the following information:

$\begin{matrix} Items & Rs in crore (i)Balance of visible trade & 500 (ii)Income & 200 (iii)Transfers & 100 (iv)Current account balance & 900 \end{matrix}$

100

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500

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700

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900

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Solution

The correct option is A
100

Balance on non-factor services = Current account balance - Balance of visible trade - Transfers - Income = 900 - 500 - 100 - 200 = 100

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Find current account balance from the following:

$\begin{matrix} Items & (Rs in crores) (i) Capital account balance & 80 (ii) Export of services & 20 (iii) Balance of visible trade & 50 (iv) Transfers from one country to an another country & 5 \end{matrix}$

Find the balance on the balance of payments account. Is the overall balance of payments balanced?

$\begin{matrix} Items & (Rs in lakhs) (i) Capital account balance & (-) 400 (ii) Value of imports & 150 (iii) Value of exports & 450 (iv) Unilateral transfers & 100 (v) Balance of visible trade & 200 \end{matrix}$

(a) The balance of visible trade is 4000 crores and the balance of invisible trade is 25,000 crores. If the value of imports of services is 7000 crores, what will be the value of export of services?

(b) State the following true or false:

(i) Accommodating items are undertaken in order to balance the BOP account.

(ii) Foreign exchange received on account of textile will be recorded on the capital account of BOP.

(iii) Autonomous items are also known as " Below the line items''.

Calculate trade balance if exports are 500 and imports are 900.

Find Current Account Balance from the following data:

$\begin{matrix} Items & Rs in lakh (i)Balance of visible trade & 9,000 (ii)Export of services & 9, 000 (iii)Import of services & 3, 000 \end{matrix}$

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Find the balance on non-factor services from the following information: ItemsRs in crore(i)Balance of visible trade500(ii)Income200(iii)Transfers100(iv)Current account balance900

The correct option is A 100 Balance on non-factor services = Current account balance - Balance of visible trade - Transfers - Income = 900 - 500 - 100 - 200 = 100

Find the balance on non-factor services from the following information:

$\begin{matrix} Items & Rs in crore (i)Balance of visible trade & 500 (ii)Income & 200 (iii)Transfers & 100 (iv)Current account balance & 900 \end{matrix}$

The correct option is A
100

Balance on non-factor services = Current account balance - Balance of visible trade - Transfers - Income = 900 - 500 - 100 - 200 = 100