Identify the following items as visible or invisible:
(a) Export of jute; (b) Export of software services.

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Solution

(a) Visible item; (b) Invisible item.

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Q. Assertion: Export and Import of goods (visible items) and Export and Import of services (invisible items) will be recorded in the current account of BOP.

Reason: These transactions do affect assets and liabilities of the parties involved.

[0.80 marks]

Q. The emergence of software exports accounts for about of _____ India's total services exports.

Q. The difference between the value of nation's visible and invisible exports and visible and invisible imports is called as __________.

(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''.

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

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Identify the following items as visible or invisible: (a) Export of jute; (b) Export of software services.

(a) Visible item; (b) Invisible item.

Identify the following items as visible or invisible:
(a) Export of jute; (b) Export of software services.