1. Home
  2. |  
  3. Bank Recruitment |  

Banking Term: Balance of Payments

May 30, 2015 16:54 IST
    • Balance of Payments (BoP) statistics systematically summarize for a specific period, the economic transaction of an economy with the rest of the world.
    • Also, It is a double entry system of record of all economic transactions between the residents of the country and the rest of the world carried out in a specific period of time.• It takes into account the export and import of both visible and invisible items.
    • The compilation and dissemination of Balance of Payment data is the prime responsibility of RBI.
    • The Balance of Payment can broadly divided into two accounts, namely
    1. Current account
    2. Capital and Financial account

    Latest Videos

    Register to get FREE updates

      All Fields Mandatory
    • (Ex:9123456789)
    • Please Select Your Interest
    • Please specify

    • ajax-loader
    • A verifcation code has been sent to
      your mobile number

      Please enter the verification code below

    This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK

    Register to view Complete PDF