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Main Items Debit and Credit sides of the Balance of Payment

3 years ago
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by Anjali Yadav
  • Main Items Debit and Credit sides of the Balance of Payment
    Main Items Debit and Credit sides of the Balance of Payment

Main Items of the Balance of Payments

The classification of the Debit and Credit sides of the Balance of Payment had been given by Prof. R. F. Harrod in his book International Economics.

Credit Debit
1. Exportation of goods and services:
  1. Visible’ export of goods,
  2. Freight receipts
  3. Receipt for insurance services etc.
  4. interest  and profits on the domestic capital invested abroad.,
 1. Importation of goods and services :
  1. visible imports of goods,
  2. freight payments,
  3. payments of insurance services etc.
  4. Interest and profits on foreign capital invested in country.
2.
  1. Loans from the outer world.
  2. repayments of the loans by the outer world
 2.
  1. Loans to the outer worlds.
  2. Repayments of loans to the outer world
3. Gifts including indemnity payments made by outer world. 3. Gifts including indemnity payments made to outer world.
4.
  1. Expenditure by tourists from abroad.
  2. Money brought by immigrants coming into the country.
 4.
  1. Expenditure by tourists gone abroad.
  2. Money taken by immigrants leaving the country.

 

Form of Balance of Payment

Item Recepits (+) Payments (-) Balance
  1. Current Account:
    (a) Visible Import and Export
    (i) Private
    (ii) Government
    (b) Invisible Import and Export
    (i) Travelling
    (ii) Transfer payments
    (ii) Interest and divided
    (iv) Insurance and banking
    (v) Transport action
    (vi) Miscellaneous.
  2. Capital Account:
    (a) Capital Investment
    (i) Short-term capital investment
    (ii) Long-term capital investment
    (b) Government :
    (i) Loans
    (ii) Debts reimbursement
    (c) Gold-capital and monetary
    (d) Banking sector – advance exchange
    (e) Omissions
      
Total

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Anjali Yadav

इस वेब साईट में हम College Subjective Notes सामग्री को रोचक रूप में प्रकट करने की कोशिश कर रहे हैं | हमारा लक्ष्य उन छात्रों को प्रतियोगी परीक्षाओं की सभी किताबें उपलब्ध कराना है जो पैसे ना होने की वजह से इन पुस्तकों को खरीद नहीं पाते हैं और इस वजह से वे परीक्षा में असफल हो जाते हैं और अपने सपनों को पूरे नही कर पाते है, हम चाहते है कि वे सभी छात्र हमारे माध्यम से अपने सपनों को पूरा कर सकें। धन्यवाद..

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