Question : It is a flow concept as it includes all items of flow nature.
Option 1: Current account
Option 2: Capital account
Option 3: Autonomous items
Option 4: Accommodating items.
Correct Answer: Current account
Solution : Current account is the flow concept as it includes all items of flow nature. It includes visible trade, invisible trade, unilateral transfers and income receipt and payment. Hence, option A is correct.
Question : It is a stock concept as it includes all items expressing change in stock.
Question : Purchase of shares of Airtel by Microsoft is a part of
Question : Shipping service by an Indian company to a foreign company is a part of
Question : On the ___ account, merchandise exports and imports of goods are _______ transactions.
Question : On the _____________ account, receipts and repayments of long term loans by private individuals are __________________ transactions.
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