Official reserve sale refers to

1. The reserve bank sells foreign exchange when there is a deficit.
2. The International Monetary Fund sells foreign exchange when there is a deficit.
3. Net consequences of autonomous transactions.
4. The agreement in which national currencies are traded for one another.

Which of the following will not lead to flow of foreign currency into the home country.

Calculate the current account balance from the following values (given in dollars):

Exports of goods =188

Import of goods =248

Net invisibles;

A. Non-factor services=56

B. Transfers=36

C. Income receipts =10

The headline inflation rate is largely under control, although the inflation rate for some specific food items is elevated.

In the above statement, what is meant by control?

1. Within the range of the acceptable inflation rate.
2. Price rise of basic consumption item is not in control.
3. Price of items for daily consumption are growing in such a manner that they are manageable through implementing policy tools if need arises.
4. No price rise has been witnessed.

A country's balance of payment account is in surplus when?

A mixture of a flexible exchange rate system (the float part) and a fixed rate system (the managed part) is called:

Select the third element of BOP other than current and capital accounts.