Question

What is the Balance of Payment (BOP) account?

a.

A summary of stock market transactions

b.

A summary of economic transactions between the residents of a country and rest of the world

c.

A summary of government expenditures

d.

A summary of domestic trade transactions

Posted under IC 89 Management Accounting

Answer: (b).A summary of economic transactions between the residents of a country and rest of the world Explanation:The Balance of Payment (BOP) account is the summary of the flow of economic transactions between the residents of a country and the rest of the world during a given time period.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is the Balance of Payment (BOP) account?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. Under what routes can an Indian company receive Foreign Direct Investment (FDI)?

View solution

Q. What are the various ways for FDI?

View solution

Q. What are the two types of FDI?

View solution

Q. What is Foreign Direct Investment (FDI)?

View solution

Q. What were some factors contributing to the 2007 financial crisis?

View solution

Q. What replaced GATT in 1995?

View solution

Q. What was established in 1947 to improve world trade?

View solution

Q. What is facilitated by the international monetary system?

View solution

Q. What does the International Financial System cover and include?

View solution

Q. What does the International Monetary System constitute?

View solution

Q. What does international finance examine and explore?

View solution

Q. What does the IMF assess based on the policy decision of the Seoul Summit in 2010?

View solution

Q. What did the G-20 Leaders recognize at their Summit in Seoul in 2010?

View solution

Q. What was the policy action taken after the financial crisis of 2007?

View solution

Q. What was the role of the IMF in the wake of the financial crisis of 2007?

View solution

Q. How has surveillance evolved since the demise of the Bretton Woods System?

View solution

Q. What is one of the major functions of the IMF?

View solution

Q. Under the policy of conditionality, what can low-income countries borrow on?

View solution

Q. What is the IMF's major function in its renewed roles and responsibilities?

View solution

Q. What is the new challenge for the IMF in its major function?

View solution
View All MCQs on IC 89 Management Accounting

Recommended Subjects

Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Cell Biology

Delve into the fascinating world of Cell Biology with our specialized category....

Civil Engineering

Dive into the world of Civil Engineering with our specialized category. Explore the...

Foundation Engineering

Master the principles of Foundation Engineering with our specialized category....

Irrigation Engineering

Master the science of Irrigation Engineering with our dedicated category. Explore...

Automotive Engine Design

Embark on a thrilling exploration of Automotive Engine Design, where the intricacies...

Marketing and Marketing Management

Uncover the strategies and tactics of marketing with our Marketing and Marketing...

Mechatronics

Enter the world of integrated engineering systems with our Mechatronics category....

Optical Communication

Explore the world of high-speed data transmission with our Optical Communication...

IC22 Life Insurance Underwriting

Prepare for success in the Insurance Institute of India (III) examination with IC22...