| Q.8 | Which of the following statements is NOT true for Balance of Payments (BOP)? | |
| Ans | A. In BOP, all the receipts from the ‘rest of the world’ are recorded as debit. | |
| B. The BOP records all external visible and non-visible transactions. | ||
| C. The BOP records the payments for the country’s exports and imports of goods, services and financial capital, and financial transfers. | ||
| D. The ‘BOP account is always balanced’ as it is maintained by a ‘double entry bookkeeping system’. |
Correct Ans Provided: A
