Question : Under ______________, transactions of capital nature are recorded.
 

Option 1: Balance of payment
 

Option 2: Balance of trade
 

Option 3: Unilateral transfers
 

Option 4: Accommodating 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 : _________ 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 : ____________________ is an accounting statement that provides a systematic record of all the economic transactions between residents of a country and the rest of the world in a given period of time.
 

Option 1: Balance of trade
 

Option 2: Balance of payment
 

Option 3: Accommodating items
 

Option 4: Autonomous items
 

Question : It is a flow concept as it includes all items of flow nature.
 

Option 1: Current account
 

Option 2: Capital account
 

Option 3: Autonomous items
 

Option 4: Accommodating items.