Difference between BOT and BOP
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Soubiya Aziz 6 years, 10 months ago
- 2 answers
Gaurav Seth 6 years, 10 months ago
| Meaning | Balance of Trade is a statement that captures the country's export and import of goods with the remaining world. | Balance of Payment is a statement that keeps track of all economic transactions done by the country with the remaining world. |
| Records | Transactions related to goods only. | Transactions related to both goods and services are recorded. |
| Capital Transfers | Are not included in the Balance of Trade. | Are included in Balance of Payment. |
| Which is better? | It gives a partial view of the country's economic status. | It gives a clear view of the economic position of the country. |
| Result | It can be Favorable, Unfavorable or balanced. | Both the receipts and payment sides tallies. |
| Component | It is a component of Current Account of Balance of Payment. | Current Account and Capital Account. |
Test
Related Questions
Posted by Nandita Sharma 1 year, 6 months ago
- 1 answers
Posted by Naman Jain 1 year, 5 months ago
- 1 answers
Posted by Shruti Singh 1 year, 6 months ago
- 0 answers
Posted by Mehar Ansari 1 year, 6 months ago
- 0 answers
Posted by Dipika Sharma 1 year, 6 months ago
- 0 answers
Posted by Niyati Garg 1 year, 5 months ago
- 0 answers
Posted by Sakshi Singh 5 months, 3 weeks ago
- 1 answers
Posted by Rijum Karlo 1 year, 6 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Riya Jain 6 years, 10 months ago
1Thank You