Are the concepts of demand for domestic goods and domestic demand for goods the same?

State which of the following is a visible item and which is an invisible item:

1. Export of jute product.
2. Software service experts.

Total receipts and total payments of Balance of Payments statements are always equal. Do you agree?

When will balance of trade show a deficit?

Define autonomous items in BOP.

Should a current account deficit be a cause for alarm? Explain.

Name two sources of supply of foreign exchange.

A country's balance of trade is ₹ 100 crores and value of export of goods is ₹ 175 crores. Find out value of import of goods.

Give two examples of services included in Balance of Payment account.OR
Name two invisible items of the BoP Alc.

Distinguish between current account and capital account of balance of payments account.