Current Affairs

GK MCQs Section
Q. 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..?
Answer: Balance of Payment
Notes: 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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