Balance Of Payment And Trade
Balance of Payment (BoP)
Balance of payments (BoP) is a systematic record of all economic transactions among the residents of a country and the rest of the World. BoP records the transactions in goods, services and assets among the residents of a country and the rest of the world for a specified time period, typically a year. There are two main accounts in the BoP - the Current Account and the Capital Account. In addition to that, BoP includes errors and omissions and change in foreign exchange reserves. BoP is broadly divided into two parts.
Balance of payments is thus, an overall record of all economic transaction of a country in a given period, with rest of the world.
Favourable Balance of Payments: Value of total receipts more than total payments.
Adverse Balance of Payments: .Value of total receipts less than total payments.
Balanced Balance of Payments: Value of total receipts equals total payments.
Balance of Trade (BoT)
When the difference in the value of imports and exports of only physical goods or visible items, is taken into account, it is called balance of trade or net exports. Balance of trade may be
1. Surplus or Favorable In this situation exports are greater than imports. i.e. Exports Imports
2. Deficit or Unfavorable In this situation, imports are greater than exports. i.e. Exports Imports
Students / Parents Reviews [10]
About Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
Shreya Shrivastava
8thIt was good as the experience because as we had come here we had been improved in a such envirnment created here.Extra is taught which is beneficial for future.
Eshan Arora
8thMy experience was very good with Abhyas academy. I am studying here from 6th class and I am satisfied by its results in my life. I improved a lot here ahead of school syllabus.
Ayan Ghosh
8thIt has a great methodology. Students here can get analysis to their test quickly.We can learn easily through PPTs and the testing methods are good. We know that where we have to practice
Barkha Arora
10thA marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
Archit Segal
7thOne of the best institutes to develope a child interest in studies.Provides SST and English knowledge also unlike other institutes. Teachers are co operative and friendly online tests andPPT develope practical knowledge also.
Aman Kumar Shrivastava
10thMy experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.
Shivam Rana
7thBeing a parent, I saw my daughter improvement in her studies by seeing a good result in all day to day compititive exam TMO, NSO, IEO etc and as well as studies. I have got a fruitful result from my daughter.
Prisha Gupta
8thIt was a good experience with Abhyas Academy. I even faced problems in starting but slowly and steadily overcomed. Especially reasoning classes helped me a lot.
Cheshta
10thMy experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
