Economic Awareness - Sectors of Indian Economy
Which of the following is NOT recorded in the Current Account of the Balance of Payments?
Which of the following is NOT recorded in the Current Account of the Balance of Payments?
medium Q6 of 15
Step-by-Step Solution
Step 1: Recall Current Account components
The Current Account includes trade in goods and services, income receipts and payments, and current transfers such as remittances.Step 2: Analyze each option
Export of services, income earned by residents from abroad, and remittances are all Current Account transactions. Capital transfers received from foreign governments belong to the Capital Account.Final Answer:
Capital transfers received from foreign governments → Option BQuick Check:
Capital transfers belong to Capital Account, not Current ✅
Quick Trick: Capital transfers belong to Capital Account, not Current Account.
Common Mistakes:
MISTAKES- Confusing capital transfers with current transfers.
Master "Sectors of Indian Economy" in Economic Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Economic Awareness Quizzes