Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Open Economy Macro Economics

Question:

Which of the following is not an example of Net Invisible items?

Options:

Banking

Shipping

Machinery

Tourism

Correct Answer:

Machinery

Explanation:

The correct answer is Option (3) → Machinery

  • Net Invisible items are components of the Current Account in the Balance of Payments (BoP) that refer to services, income, and transfers — i.e., items that are not physically visible or tangible.

Examples of Invisible items:

  • Banking services → invisible (service)

  • Shipping → invisible (transport service)

  • Tourism → invisible (travel service)

Whereas, Machinery → a tangible good, part of visible items under merchandise trade.