ECONOMICS
BALANCE OF PAYMENTS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is not a part of the BoP
|
|
Investment Account
|
|
|
Current Account
|
|
|
Financial Account
|
|
|
Capital Account
|
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: -Government Loans to Foreign Governments.
Detailed explanation-3: -The BOP consists of three main accounts: the current account, the capital account, and the financial account.
Detailed explanation-4: -The balance of payments (BOP) transactions consist of imports and exports of goods, services, and capital, as well as transfer payments, such as foreign aid and remittances. A country’s balance of payments and its net international investment position together constitute its international accounts.
There is 1 question to complete.