Question : Which of the following is not a component of the balance of payments?
Option 1: Current account
Option 2: Capital account
Option 3: financial account
Option 4: Trade account
Correct Answer: Trade account
Solution : The correct answer is (d) Trade account
The "Trade account" is not a separate component of the balance of payments. However, it is commonly used to refer to the balance of trade, which is the difference between a country's exports and imports of goods and services.
Question : Which of the following is not a component of the current account?
Question : The balance of trade is a part of which account in the Balance of Payments?
Question : Which of the following is not a component of the current account in the balance of payments?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile