1 View

Question : Which of the following is not a component of the current account in the balance of payments?

 

Option 1: Goods and services

Option 2: Income from abroad

Option 3: Transfer payments

Option 4: Capital flows


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: Capital flows


Solution : The correct answer is d) Capital flows.

The current account in the balance of payments is a record of a country's transactions with the rest of the world in goods, services, income, and unilateral transfers.

Capital flows: Capital flows are not a component of the current account. They are part of the capital and financial account in the balance of payments. Capital flows represent the movement of financial capital between countries, including foreign direct investment (FDI), portfolio investment, loans, and other financial transactions.

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
SLAT 2025 - The Symbiosis Law...
Apply
Conducted by Symbiosis International (Deemed University) | Ranked #5 in Law by NIRF | Ranked #2 among best Pvt Universities by QS World Rankings
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships
Symbiosis Law School Pune Adm...
Apply
NAAC A++ Accredited | Ranked #5 by NIRF
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
ISBR Business School PGDM Adm...
Apply
180+ Companies | Highest CTC 15 LPA | Average CTC 7.5 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business Scho...
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books