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UPSC 2013: The balance of payments of a country is a systematic record of
(a)all import and export transactions of a country during a given period of time, normally a year
(b)goods exported from a country during a year
(c)economic transaction between the government of one country to another
(d)capital movements from one country to another
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Not attemptedCorrect Answer: (a) all import and export transactions of a country during a given period of time, normally a year
UPSC’s official key treats the Balance of Payments as the systematic record of all a country’s import-export transactions over a year, making option (a) the best available choice. Options (b), (c) and (d) cover only a slice of BoP items (goods alone, only inter-governmental flows, or only capital flows) and are therefore incomplete. ([forumias.com](https://forumias.com/blog/download-upsc-prelim-2013-gs-paper-1-question-paper/))
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Frequently Asked Questions
What is the correct answer to this UPSC 2013 Indian Economy question?▼
The correct answer is option (a): all import and export transactions of a country during a given period of time, normally a year. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this External Sector & Balance Of Payments question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2013, GS Paper 1, as Question 41. It falls under Indian Economy > External Sector & Balance Of Payments.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from External Sector & Balance Of Payments?▼
UPSC has asked 49 questions from External Sector & Balance Of Payments (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.