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1 mark

As per the IMF Balance of Payments Manual guidelines, the import and export of goods should uniformly be presented on which basis?

  1. A
    CIF basis
  2. B
    FOR basis
  3. C
    Ex Works basis
  4. D
    FOB basis

Solution & Step-by-step Explanation

According to the International Monetary Fund (IMF) Balance of Payments Manual, both exports and imports of goods should be valued on a FOB (Free on Board) basis. This ensures statistical consistency and uniform valuation at the customs frontier of the exporting economy, excluding international insurance and freight costs.

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As per the IMF Balance of Payments Manual guidelines, the import and export of goods should uniformly be presented on which basis?
A
CIF basis
B
FOR basis
C
Ex Works basis
D
FOB basis

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International EconomicsBalance of PaymentsTrade Guidelines

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