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General Knowledge - General Knowledge:

Economics

MCQ - 922-6181

Question:

A systematic record of all economic transactions completed between residents of a country and the rest of the world in a year is known as..?

  1. Net Capital Flow
  2. Balance of Payment
  3. Balance of Trade
  4. Balance of Payment

Correct Answer: B

Explanation:

The Balance of International payments or Balance of Payments refers to the systematic and summary record of a country’s economic and financial transactions with the rest of the world, over a period of time. The three main components of BoP are Current Account, Capital Account and Official Reserve Transactions.

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2091 MCQ for effective preparation of the test of Economics of General Knowledge section.

Read the MCQ statement: A systematic record of all economic transactions completed between residents of a country and the rest of the world in a year is known as..? , keenly and apply the method you have learn through the video lessons for Economics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 922-6181.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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