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
- “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
Read the following text carefully from ‘The Economic Times’ dated 8th June, 2023:
{“The Reserve Bank of India’s (RBI’s) rate-setting panel unanimously decided to keep the benchmark lending rate unchanged at 6.5%. The committee voted to remain focused on the withdrawal of accommodative monetary policy.”}
On the basis of the given text and common understanding, answer the following questions: (a) Identify and discuss the economic issue indicated in the above text.- CBSE CLASS XII - 2024
- Economics
- Money and Inflation
“Amita is a regular worker in a private firm that employs twelve hired workers.” Is she working in the formal/informal sector? Give valid reasons in support of your answer.
- CBSE CLASS XII - 2024
- Economics
- Money and Inflation
Discuss any two liberalization measures pertaining to the tax reforms, introduced by the government, during the economic reform process of 1991.
- CBSE CLASS XII - 2024
- Economics
- Money and Inflation
“Information Technology can play a crucial role in rural development.”
Discuss briefly the given statement.- CBSE CLASS XII - 2024
- Economics
- Money and Inflation
Questions Asked in CBSE CLASS XII exam
The correct IUPAC name of \([ \text{Pt}(\text{NH}_3)_2\text{Cl}_2 ]^{2+} \) is:
- CBSE CLASS XII - 2025
- Coordination Compounds
- A 1 cm segment of a wire lying along the x-axis carries a current of 0.5 A along the \( +x \)-direction. A magnetic field \( \mathbf{B} = (0.4 \, \text{mT}) \hat{j + (0.6 \, \text{mT}) \hat{k} \) is switched on in the region. The force acting on the segment is:}
- CBSE CLASS XII - 2025
- Magnetic Effects of Current and Magnetism
- Using integration, find the area of the region bounded by the line \[ y = 5x + 2, \] the \( x \)-axis, and the ordinates \( x = -2 \) and \( x = 2 \).
- CBSE CLASS XII - 2025
- Evaluation of Definite Integrals by Substitution
- Two conductors A and B of the same material have their lengths in the ratio 1:2 and radii in the ratio 2:3. If they are connected in parallel across a battery, the ratio \( \frac{v_A}{v_B} \) of the drift velocities of electrons in them will be:
- CBSE CLASS XII - 2025
- Current electricity
- Arun, Bashir and Joseph were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. They admitted Daksh as a new partner who acquired his share entirely from Arun. If Arun sacrificed \( \frac{1}{5} \)th from his share to Daksh, Daksh's share in the profits of the firm will be :
- CBSE CLASS XII - 2025
- Partnership Accounts