BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following items is not included in the current account of India’s balance of payments?
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Short-term commercial borrowings
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Non-monetary gold movements
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Investment income
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Transfer payments
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Explanation:
Detailed explanation-1: -Short-term commercial borrowings are not included in the current account of the Balance of Payment(BoP) in India.
Detailed explanation-2: -Note: Changes in the foreign exchange reserves are not included in the current account of the BoP.
Detailed explanation-3: -Answer and Explanation: The correct option is D) Deposits.
Detailed explanation-4: -Land is regarded as a fixed asset or non-current asset in accounting and not a current asset.
Detailed explanation-5: -Current account of Balance of Payments account records only exports and imports of goods and services.
There is 1 question to complete.