Multiple choice

Visible and Invisible items of debit and credit are the part of

  1. Import-export Policy

  2. Balance of Payment

  3. Balance of Trade

  4. Annual Budget
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Balance of Payment (BoP) includes both visible items (trade in goods like imports and exports) and invisible items (services, transfers, investment income). Balance of Trade only covers visible merchandise trade, while Import-export Policy and Annual Budget are regulatory frameworks, not accounting records.

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