ECONOMICS
BALANCE OF PAYMENTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT part of the Financial Account of the BOP?
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net foreign direct investment
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net import/export of services
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net portfolio investment
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other Financial items
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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: -A financial account is a component of a country’s balance of payments that covers claims on or liabilities to nonresidents concerning financial assets. Financial account components include direct investment, portfolio investment, and reserve assets broken down by sector.
Detailed explanation-3: -Government Loans to Foreign Governments.
Detailed explanation-4: -Foreign Loans. Foreign Direct Investment. Private Remittances. Portfolio Investment.
There is 1 question to complete.