Question : Which of the following statement is correct?

• Deficit in balance of trade indicates deficit in balance of payments also.
• Foreign investment are recorded in the capital account of balance of payment.

Question : Which of the following statement is correct?

• Foreign investment are recorded in the capital account of balance of payment.
• Surplus in balance of trade and deficit and current account may coexist.

Question : Which of the following statement is correct?

• Profit received from investment abroad is recorded in capital account.
• Import of machines is recorded in current account.

Question : Which of the following statement is correct?

• Unilateral transfers me to abroad will be recorded as a debit item of balance of payment on current account.
• Balance of payment is the stock concept.

Question : Which of the following statement is correct?

• British rule resulted in huge drain of wealth from India.
• They discouraged commercialisation of Indian agriculture to transform Indian economy into a British economy.