Balance of Payment

While studying for Economy, you will come across crucial topics such as Balance of Payment, Payment and its type, etc that should be studied carefully during the UPSC exam preparation.
In this series of our UPSC Treasures, we will have a quick look at the Balance of Payment and its important points.
Balance of Payment is a record of the transactions in goods, services and assets between residents of a country with the rest of the world for a specified time period typically a year. There are two main accounts maintained under BoP which are the Current account and the Capital account.

Enhance your UPSC Economy preparation with this video on The Basic Questions Faced by Every Economy by Vivek Singh Sir, our DREAM TEAM faculty for Economy:
Download the PrepLadder app to access valuable Treasures like these and the most authentic and comprehensive study material for UPSC CSE preparation.
To apprise yourself with the latest information about the exam, you can also follow our Telegram channel.
Own Your Dream
Team PrepLadder
Current Affairs
Connect on Instagram
Weekly Updates
Important Reads
-
-
Globalisation and the Indian Economy- NCERT Notes UPSC
May 25 , 2022 -
-
Special Drawing Rights- UPSC Current Affairs
May 24 , 2022 -
5 MBA Myths Busted
May 24 , 2022
Trending Articles
-
Fundamental Rights in the Indian Constitution- NCERT Notes UPSC
Mar 15 , 2022 -
UPSC CSE 2022 Application Form Released. Check Eligibility Criteria, How To Apply.
Feb 02 , 2022 -
UPSC Exam Calendar 2022 Released. Check CSE Dates
Jan 04 , 2022 -
Explained: UPSC Syllabus and Exam Pattern 2021
Aug 12 , 2021 -
How to Choose the Right Optional Subject for the UPSC Mains?
Aug 06 , 2021