Question : _________ refers to difference between the amount of exports and imports of goods.
 

Option 1: Balance of payment
 

Option 2: Balance of trade
 

Option 3: Accommodating items
 

Option 4: Autonomous items.
 

Question : It refers to those transactions that are undertaken to cover the gap in the balance of payment.
 

Option 1: Visible items
 

Option 2: Invisible items
 

Option 3: Accommodating items
 

Option 4: Autonomous items
 

Question : The balance of payments is a systematic record of all and transactions between a country ____________and _____________the rest of the world.

Option 1: economic, financial

Option 2: goods, services

Option 3: capital, current

Option 4: imports, exports

Question : It refers to those international economic transactions, which takes place due to some economic motive such as profit maximisation.
 

Option 1: Visible items
 

Option 2: Invisible items
 

Option 3: Accommodating items
 

Option 4: Autonomous items.
 

Question : Under ______________, transactions of capital nature are not recorded.
 

Option 1: Balance of payment
 

Option 2: Balance of trade
 

Option 3: Unilateral transfers
 

Option 4: Accommodating items.