Question
Economics Question on Balance of payments (BOP)
Match List-I with List-II:List-I
(Elements)| List-II
(Features)
---|---
A| Annual Financial Statement| (I)| Create liabilities or reduce financial assets
B| Capital Receipts| (II)| Trade surplus
C| Capital Payment| (III)| Main budget document
D| Export > Import| (IV)| Create financial assets or reduce liabilities
A
(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
B
(A) - (III), (B) - (I), (C) - (IV), (D) - (II)
C
(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
D
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Answer
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Explanation
Solution
Annual Financial Statement is the main budget document, capital receipts create financial assets or reduce liabilities, and capital payments create liabilities or reduce financial assets.