Q. What does the Balance of Payment (BOP) account measure?

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Q. What are the two broad categories into which transactions in the Balance of Payment (BOP) account are classified?

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Q. According to the IMF's definition, what does the Balance of Payments (BoP) statement show for a given period?

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Q. What are the principles and concepts that countries need to follow while compiling their BoP data?

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Q. How does the IMF define economic transactions for the purpose of recording them in the Balance of Payments (BoP)?

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Q. What is the significance of the double-entry bookkeeping system in the context of Balance of Payments (BoP) compilation?

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Q. Suppose X has a FCNR deposit in USD with SBI, and he transfers it to Bank of India. How is this transaction recorded in the Balance of Payments (BoP)?

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Q. What are transfer payments in the context of Balance of Payments (BoP)?

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Q. What is the recommended basis for valuing transactions entering the Balance of Payments (BoP) account, according to the IMF manual?

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Q. How are both imports and exports valued in the Balance of Payments (BoP) according to the IMF manual?

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Q. In the Balance of Payments (BoP) accounting system, how many aspects does every transaction have?

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Q. What is the logic behind the double-entry bookkeeping system in the BoP accounting?

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Q. How is the balance maintained in the Balance of Payments (BoP) accounting?

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Q. How are credit transactions recorded in the BoP accounting?

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Q. What is the impact on the BoP account when a country exports goods to another country?

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Q. How does the BoP account represent imports in terms of currency flow?

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Q. What are the three main components of the Balance of Payments (BOP) account?

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Q. What transactions are recorded in the Current Account of the BOP?

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Q. Where are transactions resulting in changes in foreign assets and liabilities recorded in the BOP?

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Q. What is the difference between the Capital Account and the Reserve Account in the BOP?

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