Nepal Rastra Bank has published summary of BOP for the first eight months for the fiscal year 2023/24. Summary of current account for the first eight…
BBS Foundation of Financial Systems · 2082 · Solved Question with Answer
Nepal Rastra Bank has published summary of BOP for the first eight months for the fiscal year 2023/24. Summary of current account for the first eight months of the fiscal year 2023/24 is as follows:
Summary of Current Account (Rs. in million)
| Particulars | Credit | Debit |
| Goods and services: | 310,000 | 1,510,000 |
| Goods | 250,000 | 1,150,000 |
| Services | 60,000 | 360,000 |
| Primary income | 38,000 | 16,000 |
| Secondary income | 600,000 | 15,000 |
On the basis of data given above, answer to the following questions:
a) What is the net of goods and services account during the given period of three fiscal years?
b) What is the net of primary income account and secondary income account during the given period of fiscal year?
c) Which accounts have contributed to increase the current account deficit?
d) Which accounts have contributed to decrease the current account deficit?
e) What is the trade deficit/surplus during the first eight months of given fiscal year?