Which of the following is/are the purposes of calculation of Balance of Payment (BoP)?

1. It reveals the financial and economic status of a country.

2. It is used as an indicator to determine whether the country’s currency value is appreciating or depreciating.

3. It helps the Government to decide on fiscal and trade policies.

4. It provides important information to analyze and understand the economic dealings of a country with other countries.

Select the correct answer by using the codes given below.

1
1 and 2 only
2
1, 3 and 4 only
3
3 and 4 only
4
1, 2, 3 and 4

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