27. BOP Flashcards by Shivam Yadav

Q

WHAT IS BOP ?

A

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Q

WHO IS REPONSIBLE FOR PREPARING BOP OF INDIA

A

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Q

WHO HAD MADE BOP MANUAL

A

IMF

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Q

LIST THE COMPONOENTS OF BOP

A

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Q

WHEN WE IMPORT OUR BOP GETS IN NEGATIVE ? TRUE OR FALSE

A

TRUE

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Q

GIVE SUB CLASSIFICATION OF CURRENT ACCOUNT OF BOP

A

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Q

GIVE SUB CLASSIFICATION OF CAPITAL ACCOUNT OF BOP

A

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Q

WHICH account deals in those transactions which do not alter Indian residents’ assets

A

CURRENT ACCOUNT

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Q

GIVE SOME BASIC EXPLAINATION OF CURRENT ACCOUNT

A

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Q

WHAT IS INVISIBLE TRADE

A

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Q

GIVE BASIC EXPLANATION OF CAPITAL ACCOUNT

A

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Q

GIVE SOME EXAMPLES OF INVISIBLE TRADE

A

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Q

HOW TO CALCULATE BOP ?

A

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Q

SIMPLE ANALOGY FOR EXPLAINING THE CAPITAL ACCOUNT & CURRENT ACCOUNT CONCEPT OF BOP

A

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Q

DOES BOP CHANGES WITH FLUCTUATION IN DOLLAR PRICE

A

YES

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Q

WHAT IS IMPORT COVER ??

WHAT IS ITS IMPORTANCE ?/

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A

Q

WHAT DOES NRI MEANS IN CONTEXT OF BOP

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A

Q

IN WHICH ACCOUNT DOES THE REMMITENCE GOES ?

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A

Q

WHAT IS FACTOR INCOME

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A

Q

IN WHICH ACCOINT FACTOR INCOME GOES ?

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A

CURRENT ACCOUNT

Q

WHEN FOREGIN EMPLOYER PAYS TO NRI IN FOREGIN DOES IT COMES IN REMITTENCE ?

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A

NO

Q

WHICH STATE IN INDIA RECIEVES THE LARGEST REMIITENCE

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A

Q

LIST TOP 5 COUNTRIES RECIEVING HEFTY REMMITIENCE

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A

Q

IS RUPEE FULLY CONVERTIBLE AT CURRENT ACCOUNT ?

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A

YES

IS RUPEE FULLY CONVERTIBLE AT CAPITAL ACCOUNT

NO

IS THEIR LIMITATION OF FOREGIN INVESTOR INVESTING IN GOVERNMNET BONDS

YES

WHY THEIR IS NEED OF RESTRICTION ON CAPITAL ACCOUNT CONVERTIBLITY

ALTHOUGH CAPITAL ACCOUNT CONVERTIBLITY IS GOOD FOR ECONOMY THEIR ARE SOME DISADVATAGES TOO

WHEN IS THE RIGHT TIME THAT RUPEE CAN BE MADE FULLY CONVERTIBELE AT CAPITAL ACCOUNT

WHAT IS FAR - FULLY ACCESSIBLE ROUTE

IS CURRENCY CONVERTIBLITY IS REGULATED BY WTO ??

NO REGULATING AUTHORITY FOR CONVERTIBLITY

WHAT IS INTERNATIONAL CURRENCY

HOW RUPEE CAN BE INTERNATIONAL CURRENCY ?

WHAT ARE THE BENEFITS OF BEING THE INTERNATIONAL CURRENCY ?

WHAT ARE THE PRE CONDITIONS FOR MAKING RUPEE INTERNATIONAL CURRENCY ?

WHAT IS LRS? LIBERALISED REMITTENCE SCHEME