Economics · Balance of Payments
What does the Balance of Payments (BoP) of a country represent?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The systematic record of all economic transactions between its residents and the rest of the world over a specific period✓
- 2The total budget surplus or deficit generated by the central government within a fiscal year
- 3The net difference between the total tax revenue collected and public expenditure incurred by the state
- 4The total value of gold and foreign exchange reserves held exclusively by the country's central bank
Correct answer
The systematic record of all economic transactions between its residents and the rest of the world over a specific period
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Balance of Payments MCQs →Want more practice questions on Balance of Payments?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Balance of Payments