Previous year MCQs

Economy UPPSC 1994 GS-I
Question

Balance of payment is defined as:

Answer & Solution

Answer: (Detailed Solution Below)

Option D: Complete record of all economic transactions between the residents of a country and rest of the world

Detailed Solution:

The correct answer is “Complete record of all economic transactions between the residents of a country and rest of the world”.
The balance of payments of a country is a systematic record of all economic transactions between the residents of a country and the rest of the world.

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Code:
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