Economic Awareness - Sectors of Indian Economy
Which of the following transactions would be recorded in the current account of India's Balance of Payments?
Which of the following transactions would be recorded in the current account of India's Balance of Payments?
medium Q15 of 15
Step-by-Step Solution
Step 1: Differentiate current and capital account transactions
Current account includes trade in goods and services, income, and current transfers. Capital account includes investments and loans.Step 2: Analyze options
Export of textiles is a trade transaction, thus current account. Other options involve investments or loans, part of capital account.Final Answer:
Export of textiles to the USA → Option BQuick Check:
Export of textiles to the USA = correct ✅
Quick Trick: Current account = trade and transfers.
Common Mistakes:
MISTAKES- Mixing investment transactions with current account.
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