ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT in the balance of payments
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Current account
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Financial account
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Capital account
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Savings account
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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: -The balance of payments summarises the economic transactions of an economy with the rest of the world. These transactions include exports and imports of goods, services and financial assets, along with transfer payments (like foreign aid).
There is 1 question to complete.