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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