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L3/P1: Balance of Payment (BoP) & Current Account Deficit

🔖Coupon Code: 'Mrunal.org' gives extra discount for 👨‍🏫 Mrunal's New UPSC Prelims & Mains Courses at https://unacademy.com/@mrunal.org 📢Features of Mrunal's Economy Course at Unacademy: 1) 👨‍🏫 Weekly live classes @night even Working Professional can attend 2) 🆎 Updated Powerpoints with latest budgets, economic surveys & current Affairs of Economy 3) 📑 500+ pages Rapid revision handouts, covering both Prelims & Mains, incl. Hindi translation for important terminologies. No need to purchase separate books / NCERTs. 4) 🔠 Weekly Quiz with ranking system 5) 💬 Weekly Doubt Solution to your queries. Language: Hindi, Topics Covered: Brief recap of the previous lectures What is balance of payment (BoP)? Definition, methodology. How is World’s balance of payment zero? How is India’s balance of payment zero? and if so, why did we have a balance of payment crisis in 1991? Two components of BoP: current account and capital account Components current account balance: visible and invisible part. Current Account: Services, income, transfer, gifts donations and remittances Concepts: Balance of trade, trade deficit and trade surplus. Major imports and exports of India. Calculating current account deficit and current account surplus. Difference between FDI and FII What is forex reserves? How is it built? What are the components of forex reserves? Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India