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GS Paper IUPSC Prelims 2013
Industry & Infrastructure
Question No. 360Interactive Test Mode
00:00
+2-0.66

Q360. The balance of payments of a country is a systematic record of:

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

Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2013 • Indian Economy

Correct Answer: Option (A) — all import and export transactions of a country during a given period of time, normally a year

Concept & Option Breakdown

Standard Reference Verified

The Balance of Payments (BoP) is a systematic double-entry accounting record of all economic transactions—including trade in goods, services, transfers, and capital flows—between the residents of a country and the rest of the world over a specified period, typically one financial year.

Elimination Heuristic & Exam Approach

BoP encompasses all cross-border transactions (current + capital account). Option (a) provides the most comprehensive description.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2013 (Q360)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Industry & Infrastructure
Official Answer KeyOption (A) — all import and export transactions of a country during a given period of time, normally a year

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2006 • Q28283% Match

Assertion (A) : Balance of Payments represents a better Picture of a country’s economic transactions with the rest of the world than the Balance of Trade. Reaso

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Frequently Asked Questions — UPSC Prelims 2013 Q360

What is the official answer for UPSC Prelims 2013 GS Paper I Question 360 (Indian Economy)?

The official UPSC answer key for this 2013 Indian Economy (Industry & Infrastructure) question is Option (A): "all import and export transactions of a country during a given period of time, normally a year". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2013 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Industry & Infrastructure". You can explore all repeated questions from Industry & Infrastructure in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Industry & Infrastructure UPSC Prelims question using option elimination?

BoP encompasses all crossborder transactions (current + capital account). Option (a) provides the most comprehensive description.

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