Question : The profits of Indian banks operating in foreign countries are a part of:
Option 1: Income from entrepreneurship earned from abroad
Option 2: Domestic factor income of India
Option 3: Profits of the enterprises working in the domestic territory of India
Option 4: Operating surplus of the banks located in India
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Correct Answer: Income from entrepreneurship earned from abroad
Solution : The correct answer is income from entrepreneurship earned from abroad .
Entrepreneurial revenue received overseas is included in the Balance of Payments (BoP) as a component of the current account. The BoP is a historical record of all economic transactions between a country and the rest of the world.
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