Match List I with List II.
| List-I | List-II | ||
| A. | Balance of Trade | I. | International transaction related to financial assets |
| B. | Balance of payment | II. | Export and import of services |
| C. | Net invisibles | III. | Goods, Service and Transaction in assets |
| D. | Balance on capital accounts | IV. | Export and import of goods |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 2
The correct answer is option (2) : A-IV, B-III, C-II, D-I
A. Balance of Trade: This refers to the difference between the value of a country's exports and imports of goods.
B. Balance of Payments: This includes all economic transactions between residents of a country and the rest of the world, encompassing goods, services, and financial assets.
C. Net Invisibles: This refers to the net exports of services, income, and transfers.
D. Balance on Capital Accounts: This deals with international transactions related to financial assets.
| List-I | List-II | ||
| A. | Balance of Trade | IV.Export and import of goods | |
| B. | Balance of payment | III.Goods, Service and Transaction in assets | |
| C. | Net invisibles | II.Export and import of services | |
| D. | Balance on capital accounts | I.International transaction related to financial assets | |