27. BOP Flashcards
WHAT IS BOP ?
WHO IS REPONSIBLE FOR PREPARING BOP OF INDIA
WHO HAD MADE BOP MANUAL
IMF
LIST THE COMPONOENTS OF BOP
WHEN WE IMPORT OUR BOP GETS IN NEGATIVE ? TRUE OR FALSE
TRUE
GIVE SUB CLASSIFICATION OF CURRENT ACCOUNT OF BOP
GIVE SUB CLASSIFICATION OF CAPITAL ACCOUNT OF BOP
WHICH account deals in those transactions which do not alter Indian residents’ assets
CURRENT ACCOUNT
GIVE SOME BASIC EXPLAINATION OF CURRENT ACCOUNT
WHAT IS INVISIBLE TRADE
GIVE BASIC EXPLANATION OF CAPITAL ACCOUNT
GIVE SOME EXAMPLES OF INVISIBLE TRADE
HOW TO CALCULATE BOP ?
SIMPLE ANALOGY FOR EXPLAINING THE CAPITAL ACCOUNT & CURRENT ACCOUNT CONCEPT OF BOP
DOES BOP CHANGES WITH FLUCTUATION IN DOLLAR PRICE
YES
WHAT IS IMPORT COVER ??
WHAT IS ITS IMPORTANCE ?/
WHAT DOES NRI MEANS IN CONTEXT OF BOP
IN WHICH ACCOUNT DOES THE REMMITENCE GOES ?
WHAT IS FACTOR INCOME
IN WHICH ACCOINT FACTOR INCOME GOES ?
CURRENT ACCOUNT
WHEN FOREGIN EMPLOYER PAYS TO NRI IN FOREGIN DOES IT COMES IN REMITTENCE ?
NO
WHICH STATE IN INDIA RECIEVES THE LARGEST REMIITENCE
LIST TOP 5 COUNTRIES RECIEVING HEFTY REMMITIENCE
IS RUPEE FULLY CONVERTIBLE AT CURRENT ACCOUNT ?
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
