andldquo;Balance of Invisiblesandrdquo; is a part of Current account. What does it mean?a)Transfer Paymentb)Trade in servicesc)Foreign Direct Investmentd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?

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“Balance of Invisibles” is a part of Current account. What does it mean?

a)
Transfer Payment
b)
Trade in services
c)
Foreign Direct Investment
d)
None of the above

Correct answer is option 'B'. Can you explain this answer?

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“Balance of Invisibles” is a part of Current account. What...

Trade in services in balance of payment is denoted as invisible trade (because they are not seen to cross national borders) includes both factor income (net income from compensation of employees and net investment income, the latter equals, the interest, profits and dividends on our assets abroad minus the income foreigners earn on assets they own in India) and net non-factor income (shipping, banking, insurance, tourism, software services, etc.):

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“Balance of Invisibles” is a part of Current account. What does it mean?a)Transfer Paymentb)Trade in servicesc)Foreign Direct Investmentd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?

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