The balance of payments of a country is a systematic record of

1. all import and transactions of a during a given period normally a year
2. goods exported from a country during a year
3. economic transaction between the government of one country to another
4. capital movements from one country to another

Explanation

Option (a) is correct

• The Balance of Payments (BoP) is a comprehensive and systematic record of all economic transactions between residents of a country and the rest of the world over a specific period, usually one year. It includes not only imports and exports of goods (visible trade), but also services, income flows, transfers, and capital transactions. While options (b), (c), and (d) refer to specific components of external transactions, they do not capture the full scope of the BoP

Answer: (a) all import and transactions of a during a given period normally a year; Difficulty Level: Easy