Study the following figure carefully and choose the correct alternative to fill in the blank:
Balance of Payments Account
Study the following figure carefully and choose the correct alternative to fill in the blank:
Balance of Payments Account
Show Hint
- Investments
- Trade of Services
- External Borrowings
- External Assistance
The Correct Option is B
Solution and Explanation
The Balance of Payments (BoP) Current Account records trade in goods (merchandise), trade in services, and transfer payments.
Option (B): Trade of services is the correct term to complete the given flowchart.
Options (A), (C), and (D): Investments, external borrowings, and external assistance belong to the Capital Account, not the Current Account.
Top Questions on Money and Inflation
- “Self-Help Groups provide stimulus to socio-economic development in rural areas.”
Justify the given statement with a valid explanation.- CBSE CLASS XII - 2024
- Economics
- Money and Inflation
- For a hypothetical economy, assume the government increased an infrastructural investment by Rs. 20,000 crore. 80% of additional income is consumed in the economy. Estimate the increase in income and the corresponding increase in consumption expenditure in the economy.
Increase in Income: Rs. 1,00,000 crore
Increase in Consumption Expenditure: Rs. 80,000 crore- CBSE CLASS XII - 2024
- Economics
- Money and Inflation
- (b)(ii) Mention any two examples of diversification activities in the non-agro processing industries.
- CBSE CLASS XII - 2024
- Economics
- Money and Inflation
- “There exists a positive correlation between human capital formation and economic growth of a nation.” Justify the given statement with valid explanation.
- CBSE CLASS XII - 2024
- Economics
- Money and Inflation
- “During the colonial period the agricultural sector showed massive stagnation.” Do you agree with the given statement? Justify your answer with valid arguments.
- CBSE CLASS XII - 2024
- Economics
- Money and Inflation
Questions Asked in CBSE CLASS XII exam
- Calculate the amount of Opening Trade Receivables and Closing Trade Receivables from the following information:
Trade Receivables Turnover Ratio = 5 times
Cost of Revenue from Operations = ₹ 8,00,000
Gross Profit Ratio = 20%
Closing Trade Receivables were ₹ 40,000 more than Opening
Cash Sales = \( \frac{1}{4} \) of Credit Sales- CBSE CLASS XII - 2025
- Accounting Ratios
On 31st March, 2024 following is the Balance Sheet of Bhavik Limited :
Bhavik Ltd.
Additional Information :
(i) During the year a piece of machinery costing Rs 8,00,000 accumulated depreciation thereon Rs 50,000 was sold for Rs 6,50,000
(ii) Debentures were redeemed on 31-03-2024.
Calculate:
(a) Cash flows from Investing Activities
(b) Cash flows from Financing Activities
- CBSE CLASS XII - 2025
- Analysis of Financial Statements
- Draw a rough sketch of the curve \( y = \sqrt{x} \). Using integration, find the area of the region bounded by the curve \( y = \sqrt{x} \), \( x = 4 \), and the x-axis, in the first quadrant.
- CBSE CLASS XII - 2025
- Integration
- Sonia and Shruti were partners in a firm sharing profits and losses in the ratio of 5 : 3. On 1st April, 2023 the balance in their fixed capital accounts were \u20b9 25,00,000 and \u20b9 15,00,000 respectively. The profit of the firm for the year ended 31st March, 2024 was \u20b9 24,00,000. Calculate their share of profit if : (i) the partnership deed is silent as to the payment of interest on capital. (ii) the partnership deed provides for interest on capital @ 10% per annum.
- CBSE CLASS XII - 2025
- Profit and Loss Account
- Vishesh, Manik and Amit were partners in the ratio 5 : 4 : 1. Amit retired on 31st March, 2024. Vishesh and Manik decided to share Amit’s share in the ratio 2 : 3. What will be the new profit sharing ratio between Vishesh and Manik?
- CBSE CLASS XII - 2025
- Retirement and Death of a Partner