Question : Which of the following are true?
- NFIA can be zero, when income earned from abroad is equal to income paid to abroad.
- NFIA can be positive, when income earned from abroad is greater than income paid to abroad.
- NFIA can be negative, when income earned from abroad is more than the income paid to abroad.
Option 1: 1&2
Option 2: 2&3
Option 3: 1&3
Option 4: 1,2&3
Answer (1)
21st Jan, 2024
Correct Answer: 1&2
Solution :
When income received from abroad exceeds income paid abroad, the NFIA is positive.
When income received from abroad is less than income paid abroad, NFIA is negative.
When income received from abroad equals income paid abroad, the NFIA is zero.
Hence, Option A is correct.
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