Following fig of BOP a/c are:-
Import of goods 600, export of good 550, import of services 90, export of services 150, unilateral trf from ROW 100, Unilateral trfto ROW 80, capital receipts 200, capital payments 70. Find out BOT balance of invisibles and BOP on current a/c.

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Solution

BOP on current account = Exports of goods + Exports of services + Unilateral transfers from rest of world - Exports of goods - exports of services - unilateral transfers to ROW
= 550 + 150 + 100 - 600 - 90 - 80
= 30

BOT balance of invisibles = Exports of services - Imports of services
= 150 - 90
= 60

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Similar questions

Q. Current account of Balance of Payments account records only exports and imports of goods and services.

Q. Match the items of List-I items in List-II and select a correct code:

List-I	List-II
(a) Current Account	(i) Official Capital
(b) Capital Account	(ii) Reserves from foreign countries
(c) Unilateral Payments	(iii) Reparations
(d) Official Statement Account	(iv) Visible and invisible exports and imports

Q. Imports > Exports =

(BoT refers to Balance of Trade, and BoP refers to Balance of Payments)

(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''.

Which among the following statement(s) is/ are correct about India’s balance of payment? (NCERT)

1. The current account records of export and import in goods and services and stocks and bonds.

2. “Golden Period” of balance of payment in India was during Independence.

3. High earning from invisible was one of the reasons for satisfactory Bop situation in post reform period.

4. India’s forex Reserve SDR and RTP.

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Following fig of BOP a/c are:- Import of goods 600, export of good 550, import of services 90, export of services 150, unilateral trf from ROW 100, Unilateral trfto ROW 80, capital receipts 200, capital payments 70. Find out BOT balance of invisibles and BOP on current a/c.

Following fig of BOP a/c are:-
Import of goods 600, export of good 550, import of services 90, export of services 150, unilateral trf from ROW 100, Unilateral trfto ROW 80, capital receipts 200, capital payments 70. Find out BOT balance of invisibles and BOP on current a/c.