Economic Awareness - Sectors of Indian Economy
Which of the following is recorded in the Current Account of the Balance of Payments?
Which of the following is recorded in the Current Account of the Balance of Payments?
easy Q11 of 15
Step-by-Step Solution
Step 1: Identify the components of the Balance of Payments
The Current Account records trade in goods and services, income receipts, and current transfers.Step 2: Classify each option
Export of goods is a trade transaction and thus part of the Current Account. Foreign direct investment inflow and purchase of shares are Financial Account transactions. Capital transfer by a government belongs to the Capital Account.Final Answer:
Export of goods → Option AQuick Check:
Current Account = trade in goods and services ✅
Quick Trick: Remember Current Account = Trade + Income + Transfers.
Common Mistakes:
MISTAKES- Confusing investment inflows with current account transactions.
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