The balance of payments of a country is a systematic record of
all import and export transactions of a country during a given period of time, normally a year
goods exported from a country during a year
economic transaction between the government of one country to another
capital movements from one country to another
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC IAS – 2013
BoP includes transactions related to trade in goods and services (Current Account), income flows, and capital flows (Capital and Financial Account). Option A, while slightly simplified by focusing only on “import and export transactions,” is the most comprehensive description among the choices, as these trade transactions are a major part of the Current Account. The other options are too narrow (only goods, only government, or only capital).