The Statement which discloses a record of transactions between the residents of one country and residents of Foreign Country.

(a)

Balance of Payment

(b)

Balance of Trade

(c)

Statement of receipts and payments

(d)

Accounting Statement

The Balance of Payments councils consists of_____.

(a)

Current Account

(b)

Capital Account

(c)

Receipts and Payments Account

(d)

Both Current Account and Capital Account

Foreign Capital long-term loan and Foreign Currency reserve are recorded under_____.

(a)

Official Capital

(b)

Private Capital

(c)

Banking Capital

(d)

Both private and official Capital

The term official capital includes ______.

(a)

RBI holdings of foreign currencies

(b)

Special drawing rights held by the Government

(c)

Both A and B

(d)

Foreign Investment

Balance of payments surplus indicates _______.

(a)

Exports are more than the Imports

(b)

Imports are more than Exports

(c)

Exports and Imports are at equilibrium

(d)

Exports and Imports are above equilibrium