{"id":9801,"date":"2018-02-14T10:46:40","date_gmt":"2018-02-14T05:16:40","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/?p=9801"},"modified":"2018-03-16T10:41:03","modified_gmt":"2018-03-16T05:11:03","slug":"balance-payment-class-12-notes-economics","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/","title":{"rendered":"Balance of Payment class 12 Notes Economics"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#Balance_of_Payment_class_12_Notes_Economics\" >Balance of Payment class 12 Notes Economics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#12_Economics_notes_Chapter_9_Balance_of_Payment\" >12 Economics notes Chapter 9 Balance of Payment\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#Download_Revision_Notes_as_PDF\" >Download Revision Notes as PDF<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#Balance_of_Payment_class_12_Notes_Economics-2\" >Balance of Payment class 12 Notes Economics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#CBSE_Class-12_Revision_Notes_and_Key_Points\" >CBSE Class-12 Revision Notes and Key Points<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>CBSE class 12 Balance of Payment class 12 Notes Economics in PDF are available for free download in myCBSEguide mobile app. The best app for CBSE students now provides Balance of Payment class 12 Notes Economics latest chapter wise notes for quick preparation of CBSE board exams and school based annual examinations. Class 12 Economics notes on chapter 9 Balance of Payment are also available for download in CBSE Guide website.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Balance_of_Payment_class_12_Notes_Economics\"><\/span>Balance of Payment class 12 Notes Economics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CBSE guide notes are the comprehensive notes which covers the latest syllabus of CBSE and NCERT. It includes all the topics given in NCERT class 12 Economics text book. Users can download CBSE guide quick revision notes from myCBSEguide mobile app and my CBSE guide website.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"12_Economics_notes_Chapter_9_Balance_of_Payment\"><\/span><strong>12 Economics notes Chapter 9 Balance of Payment\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Download CBSE class 12th revision notes for chapter 9 Balance of Payment\u00a0in PDF format for free. Download revision notes for Balance of Payment\u00a0class 12 Notes and score high in exams. These are the Balance of Payment\u00a0class 12 Notes prepared by team of expert teachers. The revision notes help you revise the whole chapter 9 in minutes. Revision notes in exam days is one of the best tips recommended by teachers during exam days.<\/p>\n<h1 style=\"text-align: center\"><span class=\"ez-toc-section\" id=\"Download_Revision_Notes_as_PDF\"><\/span><a href=\"https:\/\/mycbseguide.com\/downloads\/cbse-class-12-economics\/1327\/cbse-revision-notes\/7\/\">Download Revision Notes as PDF<\/a><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"text-align: center\"><strong>CBSE Class\u201312 economics<br \/>\nRevision Notes<br \/>\nMacro Economics\u00a008<br \/>\nBalance of Payment class 12 Notes Economics<br \/>\n<\/strong><\/p>\n<p>The balance of payment is a comprehensive and systematic records of all economic transaction between normal residents of a country and rest of the world during an accounting year.<\/p>\n<p><strong>Accounts of Balance of Payments:<\/strong><\/p>\n<p>1.<strong> Current Account:<\/strong> The current account records export and import\u00a0of goods and services and unilateral transfers.<\/p>\n<p>2. <strong>Capital Account:<\/strong> It records of all such transactions between normal residents of a country and rest of the world which relates to sale and purchase of foreign assets and liabilities during an accounting year.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Components of Current Account<\/strong><\/td>\n<td><strong>Components of Capital Account<\/strong><\/td>\n<\/tr>\n<tr>\n<td>1. Visible items (import and export of goods).<\/td>\n<td>1. Foreign Direct investment.<\/td>\n<\/tr>\n<tr>\n<td>2. Invisible items (import and export of services).<\/td>\n<td>2. Loans.<\/td>\n<\/tr>\n<tr>\n<td>3. Unilateral transfers.<\/td>\n<td>3. Portfolio investment.<\/td>\n<\/tr>\n<tr>\n<td>4.Income receipts and payments from and to abroad.<\/td>\n<td>4. Banking capital transactions.<\/td>\n<\/tr>\n<tr>\n<td>5. These are the transactions which do not affect \u00a0 \u00a0 \u00a0 \u00a0 the assets or liabilities position of the country.<\/td>\n<td>5. These are the transactions which affect \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0assets or liabilities position of the country.<\/td>\n<\/tr>\n<tr>\n<td>6. It is a flow concept.<\/td>\n<td>6.It is a stock concept.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Balance of trade<\/strong> is the net difference of Import and export of all visible items between the normal residents of a country and rest of the world.<\/p>\n<p><strong>Autonomous items<\/strong> are those items of balance of payment which is related to such transaction as are determined by the motive of profit maximisation and not to maintain equilibrium in balance of payments. These items are recorded as a first items before calculating deficit or surplus in balance of payment a\/c.<\/p>\n<p>These items are generally called \u2018Above the Line items\u2019 in balance of payment.<\/p>\n<p><strong>Accommodating item<\/strong> refers to transactions that take place because of other activity in Balance of Payment. These transactions are meant to restore the Balance of Payment identity. These items are generally called \u2018Below the Line items\u2019.<\/p>\n<p><strong>Deficit of Bop Account:<\/strong> When total inflows of foreign exchange on account of autonomous transactions are less than total outflows on account such transaction then there is a deficit in Bop.<\/p>\n<p><strong>Foreign exchange rate<\/strong> refers to the rate at which one unit of currency of a country can be exchanged for the number of units of currency of another country. In simple words, we can say that the price of one currency in terms of other currency is known as foreign exchange rate or exchange rate.<\/p>\n<p><strong>SYSTEM OF EXCHANGE RATE:<\/strong><\/p>\n<p>1. Fixed exchange rate<\/p>\n<p>2. Flexible exchange rate.<\/p>\n<p>In fixed exchange rate system, the rate of exchange is officially fixed or determined by Government or Monetary Authority of the country.<\/p>\n<p><strong>Merits of Fixed Exchange Rate<\/strong><\/p>\n<p>(i) Stability in exchange rate<\/p>\n<p>(ii) Promotes capital movement and international trade.<\/p>\n<p>(iii) No scope for speculation<\/p>\n<p>(iv) It forces the govt. to keep inflation in check.<\/p>\n<p>(v) Attracts foreign capital.<\/p>\n<p><strong>Demerits of Fixed Exchange Rate<\/strong><\/p>\n<p>(i) Need to hold foreign exchange reserves.<\/p>\n<p>(ii) No automatic adjustment in the \u2018Balance of payments.\u2019<\/p>\n<p>(iii) It may result in undervaluation or overvaluation of currency.<\/p>\n<p>(iv) It discourages the objective of having free markets.<\/p>\n<p>In a system of <strong>flexible exchange rate<\/strong> (also known as floating exchange rates), the exchange rate is determined by the forces of market demand and supply of foreign exchange.<\/p>\n<p>The <strong>demand of foreign exchange<\/strong> have the inverse relation with flexible exchange rate. If flexible exchange rate rise the demand of foreign exchange falls. Vice versa.<\/p>\n<p><strong>Sources of Demand for Foreign Exchange<\/strong><\/p>\n<p>(a) To purchase goods and services from the rest of world.<\/p>\n<p>(b) To purchase financial assets (i.e..,to invest in bonds and equity shares) in a foreign country.<\/p>\n<p>(c) To invest directly in shops, factories, buildings in foreign countries.<\/p>\n<p>(d) To send gifts and grants to abroad.<\/p>\n<p>(e) To speculate on the value of foreign currency.<\/p>\n<p>(f) To undertake foreign tours.<\/p>\n<p>The <strong>supply of foreign exchange<\/strong> have the positive relation with foreign exchange rate. If foreign exchange rate rises the supply of foreign exchange also rises and vice versa.<\/p>\n<p><strong>Sources of Supply of Foreign Exchange<\/strong><\/p>\n<p>(i) Direct purchase by foreigners in domestic market.<\/p>\n<p>(ii) Direct investment by foreigners in domestic market.<\/p>\n<p>(iii) Remittances by non-residents living abroad.<\/p>\n<p>(iv) Flow of foreign exchange due to speculative purchases by N.R.I.<\/p>\n<p>(v) Exports of goods and services.<\/p>\n<p>(vi)\u00a0Foreign direct investment as well as portfolio investment from rest of the world.<\/p>\n<p><strong>Merits of Flexible Exchange Rate<\/strong><\/p>\n<p>(i) No need to hold foreign exchange reserves<\/p>\n<p>(ii) Leads to automatic adjustment in the \u2018balance of payments\u2019.<\/p>\n<p>(iii) To enhances efficiency in resources allocation.<\/p>\n<p>(iv) To remove obstacles in the transfer of capital and trade.<\/p>\n<p>(v) It eliminates the problem of undervaluation or overvaluation of currency.<\/p>\n<p>(vi) It promotes venture capital in the form of foreign exchange.<\/p>\n<p><strong>Demerits of Flexible Exchange Rate<\/strong><\/p>\n<p>(i) Fluctuations in future exchange rate.<\/p>\n<p>(ii) Encourages speculation.<\/p>\n<p>(iii) Discourages international trade and investment.<\/p>\n<p>(iv) It creates a situation of market instability.<\/p>\n<p><strong>Determination of Equilibrium Foreign Exchange Rate: <\/strong>Equilibrium FER is the rate at which demand for and supply of foreign exchange is\u00a0equal. Under free market situation, it is determined by market forces i.e., demand for and supply of foreign exchange. There is inverse relation between demand for foreign exchange and exchange rate. There is direct relationship b\/w supply of foreign exchange and exchange rate. Due to above reasons demand curve downward sloping and supply curve is upward sloping curve Graphically intersection of demand\u00a0Curve and supply curve determines the equilibrium foreign exchange rate.<\/p>\n<p><img decoding=\"async\" id=\"Picture 3\" src=\"https:\/\/media-mycbseguide.s3.amazonaws.com\/images\/static\/revise\/12\/eco\/ch09\/image001.png\" \/><\/p>\n<p><strong>Devaluation of a currency:<\/strong> When government or monetary authority of a country officially lowers the external value of its domestic currency (in respect of all other foreign currency) is called devaluation of a currency. It takes place by government order under fixed exchange rate system.<\/p>\n<p><strong>Revaluation of a currency:<\/strong> When government or monetary authority of a country officially raises the external value of its domestic currency is called revaluation. It takes place by government order under fixed exchange rates system.<\/p>\n<p><strong>In currency depreciation<\/strong> there is a fall in the value of domestic currency, in term of foreign currency due to change in demand and supply of the currency under flexible exchange rate system.<\/p>\n<p><strong>In currency appreciation, <\/strong>there is a rise in the value of domestic currency in terms of foreign currency due to change in demand and supply of the currency under flexible exchange rate system.<\/p>\n<p><strong>Managed floating system<\/strong> is a system in which the central bank allows the exchange rate to be determined by market forces but intervenes at times to influence the rate. When central bank finds the rate is too high, it starts selling foreign exchange from its reserve to bring down it. When it finds the rate is too low. It starts buying to raise the rate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Balance_of_Payment_class_12_Notes_Economics-2\"><\/span>Balance of Payment class 12 Notes Economics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>CBSE Revision notes (PDF Download) Free<\/li>\n<li>CBSE Revision notes for Class 12 Economics PDF<\/li>\n<li>CBSE Revision notes Class 12 Economics \u2013 CBSE<\/li>\n<li>CBSE Revisions notes and Key Points Class 12 Economics<\/li>\n<li>Summary of the NCERT books all chapters in Economics class 12<\/li>\n<li>Short notes for CBSE class 12th Economics<\/li>\n<li>Key notes and chapter summary of Economics class 12<\/li>\n<li>Quick revision notes for CBSE board exams<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_Class-12_Revision_Notes_and_Key_Points\"><\/span><strong>CBSE Class-12 Revision Notes and Key Points<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Balance of Payment class 12 Notes Economics. CBSE quick revision note for class-12 Chemistry Physics Math\u2019s, Economics and other subject are very helpful to revise the whole syllabus during exam days. The revision notes covers all important formulas and concepts given in the chapter. Even if you wish to have an overview of a chapter, quick revision notes are here to do if for you. These notes will certainly save your time during stressful exam days.<\/p>\n<ul>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-physics\/1251\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Physics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-chemistry\/1267\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Chemistry<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-mathematics\/1284\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Mathematics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-biology\/1298\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Biology<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-accountancy\/1315\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Accountancy<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-economics\/1327\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Economics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-business-studies\/1727\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Business Studies<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-computer-science\/1851\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Computer Science<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-informatics-practices\/1873\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Informatics Practices<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-english-core\/1855\/cbse-revision-notes\/7\/\">Revision Notes for class-12 English Core<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-history\/1869\/cbse-revision-notes\/7\/\">Revision Notes for class-12 History<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-physical-education\/1877\/cbse-revision-notes\/7\/\">Revision Notes for class-12 Physical Education<\/a><\/li>\n<\/ul>\n<p>To download Balance of Payment class 12 Notes Economics, sample paper for class 12 Physics, Chemistry, Biology, History, Political Science, Economics, Geography, Computer Science, Home Science, Accountancy, Business Studies and Home Science; do check myCBSEguide app or website. myCBSEguide provides sample papers with solution, test papers for chapter-wise practice, NCERT Balance of Payment\u00a0, NCERT Exemplar Balance of Payment\u00a0, quick revision notes for ready reference, CBSE guess papers and CBSE important question papers. Sample Paper all are made available through\u00a0<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide&amp;referrer=utm_source%3Dmycbse_bottom%26utm_medium%3Dtext%26utm_campaign%3Dmycbseads\"><strong>the best app for CBSE students<\/strong><\/a>\u00a0and myCBSEguide website.<\/p>\n<ul>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/introduction-micro-economics-class-12-notes-economics\/\">Introduction to Micro Economics class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/consumers-equilibrium-demand-class-12-notes-economics\/\">Consumers Equilibrium &amp; Demand class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/producer-behaviour-supply-files-class-12-notes-economics\/\">Producer behaviour and Supply files class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/forms-market-price-determination-class-12-notes-economics\/\">Forms of Market and Price Determination class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/national-income-related-aggregate-class-12-notes-economics\/\">National Income and Related Aggregate class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/money-banking-class-12-notes-economics\/\">Money and Banking class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/determinations-income-employment-class-12-notes-economics\/\">Determinations of Income and Employment class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/government-budget-economy-class-12-notes-economics\/\">Government Budget and Economy class 12 Notes Economics<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/\">Balance of Payment class 12 Notes Economics<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CBSE class 12 Balance of Payment class 12 Notes Economics in PDF are available for free download in myCBSEguide mobile app. The best app for CBSE students now provides Balance of Payment class 12 Notes Economics latest chapter wise notes for quick preparation of CBSE board exams and school based annual examinations. Class 12 Economics &#8230; <a title=\"Balance of Payment class 12 Notes Economics\" class=\"read-more\" href=\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/\" aria-label=\"More on Balance of Payment class 12 Notes Economics\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":9782,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,456],"tags":[709,457,150,650,426,240],"class_list":["post-9801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cbse-class-12","category-revision-notes","tag-balance-of-payment","tag-cbse-notes","tag-cbse-notes-and-key-points","tag-economics-notes","tag-quick-revision","tag-quick-revision-notes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Balance of Payment class 12 Notes Economics | myCBSEguide<\/title>\n<meta name=\"description\" content=\"Balance of Payment class 12 Notes Economics chapter 9 in PDF format for free download. Latest chapter Wise notes for CBSE board exams.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Balance of Payment class 12 Notes Economics | myCBSEguide\" \/>\n<meta property=\"og:description\" content=\"Balance of Payment class 12 Notes Economics chapter 9 in PDF format for free download. Latest chapter Wise notes for CBSE board exams.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/\" \/>\n<meta property=\"og:site_name\" content=\"myCBSEguide\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mycbseguide\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-14T05:16:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-03-16T05:11:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2018\/02\/12_economics_revision_notes.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"myCBSEguide\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mycbseguide\" \/>\n<meta name=\"twitter:site\" content=\"@mycbseguide\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"myCBSEguide\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/\"},\"author\":{\"name\":\"myCBSEguide\",\"@id\":\"https:\/\/mycbseguide.com\/blog\/#\/schema\/person\/f67796d5f5c5a468e8c680aaaad21519\"},\"headline\":\"Balance of Payment class 12 Notes Economics\",\"datePublished\":\"2018-02-14T05:16:40+00:00\",\"dateModified\":\"2018-03-16T05:11:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/\"},\"wordCount\":1679,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mycbseguide.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2018\/02\/12_economics_revision_notes.jpg\",\"keywords\":[\"Balance of Payment\",\"CBSE Notes\",\"CBSE Notes and Key Points\",\"Economics Notes\",\"Quick Revision\",\"Quick Revision Notes\"],\"articleSection\":[\"Class 12\",\"Revision Notes\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/\",\"url\":\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/\",\"name\":\"Balance of Payment class 12 Notes Economics | myCBSEguide\",\"isPartOf\":{\"@id\":\"https:\/\/mycbseguide.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2018\/02\/12_economics_revision_notes.jpg\",\"datePublished\":\"2018-02-14T05:16:40+00:00\",\"dateModified\":\"2018-03-16T05:11:03+00:00\",\"description\":\"Balance of Payment class 12 Notes Economics chapter 9 in PDF format for free download. Latest chapter Wise notes for CBSE board exams.\",\"breadcrumb\":{\"@id\":\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#primaryimage\",\"url\":\"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2018\/02\/12_economics_revision_notes.jpg\",\"contentUrl\":\"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2018\/02\/12_economics_revision_notes.jpg\",\"width\":600,\"height\":300,\"caption\":\"Notes For Introduction to Micro Economics\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mycbseguide.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBSE\",\"item\":\"https:\/\/mycbseguide.com\/blog\/category\/cbse\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Class 12\",\"item\":\"https:\/\/mycbseguide.com\/blog\/category\/cbse\/cbse-class-12\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Balance of Payment class 12 Notes Economics\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mycbseguide.com\/blog\/#website\",\"url\":\"https:\/\/mycbseguide.com\/blog\/\",\"name\":\"myCBSEguide\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/mycbseguide.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mycbseguide.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mycbseguide.com\/blog\/#organization\",\"name\":\"myCBSEguide\",\"url\":\"https:\/\/mycbseguide.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mycbseguide.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2016\/04\/books_square.png\",\"contentUrl\":\"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2016\/04\/books_square.png\",\"width\":180,\"height\":180,\"caption\":\"myCBSEguide\"},\"image\":{\"@id\":\"https:\/\/mycbseguide.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/mycbseguide\/\",\"https:\/\/x.com\/mycbseguide\",\"https:\/\/www.linkedin.com\/company\/mycbseguide\/\",\"http:\/\/in.pinterest.com\/mycbseguide\/\",\"https:\/\/www.youtube.com\/channel\/UCxuqSnnygFzwJG0pwogCNEQ\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mycbseguide.com\/blog\/#\/schema\/person\/f67796d5f5c5a468e8c680aaaad21519\",\"name\":\"myCBSEguide\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Balance of Payment class 12 Notes Economics | myCBSEguide","description":"Balance of Payment class 12 Notes Economics chapter 9 in PDF format for free download. Latest chapter Wise notes for CBSE board exams.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/","og_locale":"en_US","og_type":"article","og_title":"Balance of Payment class 12 Notes Economics | myCBSEguide","og_description":"Balance of Payment class 12 Notes Economics chapter 9 in PDF format for free download. Latest chapter Wise notes for CBSE board exams.","og_url":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/","og_site_name":"myCBSEguide","article_publisher":"https:\/\/www.facebook.com\/mycbseguide\/","article_published_time":"2018-02-14T05:16:40+00:00","article_modified_time":"2018-03-16T05:11:03+00:00","og_image":[{"width":600,"height":300,"url":"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2018\/02\/12_economics_revision_notes.jpg","type":"image\/jpeg"}],"author":"myCBSEguide","twitter_card":"summary_large_image","twitter_creator":"@mycbseguide","twitter_site":"@mycbseguide","twitter_misc":{"Written by":"myCBSEguide","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#article","isPartOf":{"@id":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/"},"author":{"name":"myCBSEguide","@id":"https:\/\/mycbseguide.com\/blog\/#\/schema\/person\/f67796d5f5c5a468e8c680aaaad21519"},"headline":"Balance of Payment class 12 Notes Economics","datePublished":"2018-02-14T05:16:40+00:00","dateModified":"2018-03-16T05:11:03+00:00","mainEntityOfPage":{"@id":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/"},"wordCount":1679,"commentCount":0,"publisher":{"@id":"https:\/\/mycbseguide.com\/blog\/#organization"},"image":{"@id":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#primaryimage"},"thumbnailUrl":"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2018\/02\/12_economics_revision_notes.jpg","keywords":["Balance of Payment","CBSE Notes","CBSE Notes and Key Points","Economics Notes","Quick Revision","Quick Revision Notes"],"articleSection":["Class 12","Revision Notes"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/","url":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/","name":"Balance of Payment class 12 Notes Economics | myCBSEguide","isPartOf":{"@id":"https:\/\/mycbseguide.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#primaryimage"},"image":{"@id":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#primaryimage"},"thumbnailUrl":"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2018\/02\/12_economics_revision_notes.jpg","datePublished":"2018-02-14T05:16:40+00:00","dateModified":"2018-03-16T05:11:03+00:00","description":"Balance of Payment class 12 Notes Economics chapter 9 in PDF format for free download. Latest chapter Wise notes for CBSE board exams.","breadcrumb":{"@id":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#primaryimage","url":"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2018\/02\/12_economics_revision_notes.jpg","contentUrl":"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2018\/02\/12_economics_revision_notes.jpg","width":600,"height":300,"caption":"Notes For Introduction to Micro Economics"},{"@type":"BreadcrumbList","@id":"https:\/\/mycbseguide.com\/blog\/balance-payment-class-12-notes-economics\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mycbseguide.com\/blog\/"},{"@type":"ListItem","position":2,"name":"CBSE","item":"https:\/\/mycbseguide.com\/blog\/category\/cbse\/"},{"@type":"ListItem","position":3,"name":"Class 12","item":"https:\/\/mycbseguide.com\/blog\/category\/cbse\/cbse-class-12\/"},{"@type":"ListItem","position":4,"name":"Balance of Payment class 12 Notes Economics"}]},{"@type":"WebSite","@id":"https:\/\/mycbseguide.com\/blog\/#website","url":"https:\/\/mycbseguide.com\/blog\/","name":"myCBSEguide","description":"","publisher":{"@id":"https:\/\/mycbseguide.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mycbseguide.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mycbseguide.com\/blog\/#organization","name":"myCBSEguide","url":"https:\/\/mycbseguide.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mycbseguide.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2016\/04\/books_square.png","contentUrl":"https:\/\/mycbseguide.com\/blog\/wp-content\/uploads\/2016\/04\/books_square.png","width":180,"height":180,"caption":"myCBSEguide"},"image":{"@id":"https:\/\/mycbseguide.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/mycbseguide\/","https:\/\/x.com\/mycbseguide","https:\/\/www.linkedin.com\/company\/mycbseguide\/","http:\/\/in.pinterest.com\/mycbseguide\/","https:\/\/www.youtube.com\/channel\/UCxuqSnnygFzwJG0pwogCNEQ"]},{"@type":"Person","@id":"https:\/\/mycbseguide.com\/blog\/#\/schema\/person\/f67796d5f5c5a468e8c680aaaad21519","name":"myCBSEguide"}]}},"_links":{"self":[{"href":"https:\/\/mycbseguide.com\/blog\/wp-json\/wp\/v2\/posts\/9801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mycbseguide.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycbseguide.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mycbseguide.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mycbseguide.com\/blog\/wp-json\/wp\/v2\/comments?post=9801"}],"version-history":[{"count":2,"href":"https:\/\/mycbseguide.com\/blog\/wp-json\/wp\/v2\/posts\/9801\/revisions"}],"predecessor-version":[{"id":11548,"href":"https:\/\/mycbseguide.com\/blog\/wp-json\/wp\/v2\/posts\/9801\/revisions\/11548"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycbseguide.com\/blog\/wp-json\/wp\/v2\/media\/9782"}],"wp:attachment":[{"href":"https:\/\/mycbseguide.com\/blog\/wp-json\/wp\/v2\/media?parent=9801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycbseguide.com\/blog\/wp-json\/wp\/v2\/categories?post=9801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycbseguide.com\/blog\/wp-json\/wp\/v2\/tags?post=9801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}