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.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
Answer (1)
13th Jan, 2024
Correct Answer:
Statement 1 is true and statement 2 is false.
Solution :
Unilateral transfers me to abroad will be recorded as a debit item of balance of payment on current account.
Balance of payment is the flow concept.
Hence option C is correct .
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