There are the Options for the Question: Deficit’ in Balance of Payment (BOP) refers to the excess of Fa (Choose the correct alternative)
(a) Current account payments over Current account receipts.
(b) Capital account payments over Capital account receipts
(c) Autonomous payments over Autonomous receipts
(d)Accommodating payments over Accommodating receipts
The correct answer is – (b) Capital account payments over Capital account receipts.
