Give two examples of services included in Balance of Payment account.OR
Name two invisible items of the BoP Alc.
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Examples of services included in Balance of Payment Account of Invisible are:
Banking services.
Insurance services.
Tourism services.
Shipping services etc.
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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)?
If inflation is higher in country A than in Country B, and the exchange rate between the two countries is fixed, what is likely to happen to the trade balance between the two countries?