Download App

Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsOpen Economy Macroeconomics1 Mark
Question
Define Balance of Payments on current account.
✓

Answer

Balance of Payments on current account is a statement of actual receipts and payments. It includes the value of imports and exports of both visible and invisible items.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Open Economy Macroeconomics→Open Economy Macroeconomics — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

If the value of export of goods of a country is ₹ 1,000 crores and the value of import of goods is ₹ 1,200 crores, how much will be the trade balance (or balance of trade)?
→
When will balance of trade show a surplus?
→
Will the following items be included or not in National Income of India? Give reason for your answer.
Unemployment allowance.
→
Price elasticity of supply of a good is 0.8. Is the supply ‘elastic’ or ‘inelastic’, and why?
→
If the domestic factor income is ₹ 50,000 crores and the national income is ₹ 45,000 crores, how much will be the net factor income from abroad?
→
How is the value of net exports calculated?
→
If the revenue receipts are ₹ 1,000 crores and revenue expenditure is ₹ 1,200 crores, how much will be the revenue deficit?
→
Should a current account deficit be a cause for alarm? Explain.
→
Define tertiary sector.
→
What is ‘excess demand’ in macroeconomics?
→