Question : Which of the following statements is true about the Balance of Payments (BoP)?

Option 1: It measures the inflows and outflows of money in a country's economy.

Option 2: It measures the trade balance of a country.

Option 3: It only covers current account transactions.

Option 4: It only covers capital account transactions.

Question : Which account in the Balance of Payments includes transactions related to foreign direct investment?

Option 1: Current Account

Option 2: Capital Account

Option 3: Financial Account

Option 4: Reserve Account

Question : Which of the following statements is incorrect?

Option 1: Working Capital = Current Assets - Current Liabilities

Option 2: Current Liabilities = Total Assets - Non-Current Liabilities - Shareholder's fund

Option 3: Working Capital = Equity Share Capital + Reserves & Surplus - Long Term Loan - Non-Current Assets

Option 4: None of the above

Question : Which of the following statements is incorrect?

Option 1: Working Capital = Current Assets - Current Liabilities

Option 2: Current Liabilities = Total Assets - Non-Current Liabilities - Shareholder's fund

Option 3: Working Capital = Equity Share Capital + Reserves & Surplus - Long Term Loan - Non-Current Assets

Option 4: None of the above

Question : Grouping of Accounts means the classification of data from - 

Option 1: Assets, Capital, and Liabilities

Option 2: Assets, Capital, Liabilities, Revenues & Expenses

Option 3: Assets, Owners equity, Revenue & Expenses

Option 4: Capital, Liabilities, Revenues, & Expenses