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The current account in relation to Balance of Payment include which of the following:
1. Trade in goods
2. Invisible trade
3. FDI
4. Loans by World Bank and IMF
5. Gifts
6. Remittances
7. Trade in services
8. FII
9. Transfer payments
Select the correct code:
1. Trade in goods
2. Invisible trade
3. FDI
4. Loans by World Bank and IMF
5. Gifts
6. Remittances
7. Trade in services
8. FII
9. Transfer payments
Select the correct code:
- a)1, 2, 3, 5, 8 and 9
- b)1, 2, 5, 6, 7 and 9
- c)1, 2, 4, 6, 7 and 8
- d)1, 3, 5, 7, 8 and 9
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
The current account in relation to Balance ofPayment include which of ...
Relation between Current Account and Balance of Payment:
The current account is a part of the Balance of Payment (BoP) which comprises all the transactions between a country and the rest of the world in a specific period. It includes both visible (trade in goods) and invisible (services, remittances, etc.) transactions.
The correct code for the components of the current account in relation to BoP is option 'B', which includes the following:
1. Trade in goods: It includes export and import of goods between countries.
2. Invisible trade: It includes services like tourism, transportation, communication, and financial services.
3. Remittances: It includes money transferred by foreign workers to their home country.
4. Gifts: It includes the transfer of goods and services without any expectation of payment.
5. Trade in services: It includes export and import of services like software, education, healthcare, etc.
6. Transfer payments: It includes unilateral transfers like foreign aid, grants, and donations.
Therefore, the current account in relation to BoP includes all the above-mentioned components, making option 'B' the correct code.
The current account is a part of the Balance of Payment (BoP) which comprises all the transactions between a country and the rest of the world in a specific period. It includes both visible (trade in goods) and invisible (services, remittances, etc.) transactions.
The correct code for the components of the current account in relation to BoP is option 'B', which includes the following:
1. Trade in goods: It includes export and import of goods between countries.
2. Invisible trade: It includes services like tourism, transportation, communication, and financial services.
3. Remittances: It includes money transferred by foreign workers to their home country.
4. Gifts: It includes the transfer of goods and services without any expectation of payment.
5. Trade in services: It includes export and import of services like software, education, healthcare, etc.
6. Transfer payments: It includes unilateral transfers like foreign aid, grants, and donations.
Therefore, the current account in relation to BoP includes all the above-mentioned components, making option 'B' the correct code.
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The current account in relation to Balance ofPayment include which of ...
Capital Account includes FDI, borrowing, quota to imf, external bonds issued gifts and donations come under current account.
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The current account in relation to Balance ofPayment include which of the following:1. Trade in goods2. Invisible trade3. FDI4. Loans by World Bank and IMF5. Gifts6. Remittances7. Trade in services8. FII9. Transfer paymentsSelect the correct code:a)1, 2, 3, 5, 8 and 9b)1, 2, 5, 6, 7 and 9c)1, 2, 4, 6, 7 and 8d)1, 3, 5, 7, 8 and 9Correct answer is option 'B'. Can you explain this answer?
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The current account in relation to Balance ofPayment include which of the following:1. Trade in goods2. Invisible trade3. FDI4. Loans by World Bank and IMF5. Gifts6. Remittances7. Trade in services8. FII9. Transfer paymentsSelect the correct code:a)1, 2, 3, 5, 8 and 9b)1, 2, 5, 6, 7 and 9c)1, 2, 4, 6, 7 and 8d)1, 3, 5, 7, 8 and 9Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The current account in relation to Balance ofPayment include which of the following:1. Trade in goods2. Invisible trade3. FDI4. Loans by World Bank and IMF5. Gifts6. Remittances7. Trade in services8. FII9. Transfer paymentsSelect the correct code:a)1, 2, 3, 5, 8 and 9b)1, 2, 5, 6, 7 and 9c)1, 2, 4, 6, 7 and 8d)1, 3, 5, 7, 8 and 9Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The current account in relation to Balance ofPayment include which of the following:1. Trade in goods2. Invisible trade3. FDI4. Loans by World Bank and IMF5. Gifts6. Remittances7. Trade in services8. FII9. Transfer paymentsSelect the correct code:a)1, 2, 3, 5, 8 and 9b)1, 2, 5, 6, 7 and 9c)1, 2, 4, 6, 7 and 8d)1, 3, 5, 7, 8 and 9Correct answer is option 'B'. Can you explain this answer?.
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The current account in relation to Balance ofPayment include which of the following:1. Trade in goods2. Invisible trade3. FDI4. Loans by World Bank and IMF5. Gifts6. Remittances7. Trade in services8. FII9. Transfer paymentsSelect the correct code:a)1, 2, 3, 5, 8 and 9b)1, 2, 5, 6, 7 and 9c)1, 2, 4, 6, 7 and 8d)1, 3, 5, 7, 8 and 9Correct answer is option 'B'. Can you explain this answer?, a detailed solution for The current account in relation to Balance ofPayment include which of the following:1. Trade in goods2. Invisible trade3. FDI4. Loans by World Bank and IMF5. Gifts6. Remittances7. Trade in services8. FII9. Transfer paymentsSelect the correct code:a)1, 2, 3, 5, 8 and 9b)1, 2, 5, 6, 7 and 9c)1, 2, 4, 6, 7 and 8d)1, 3, 5, 7, 8 and 9Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of The current account in relation to Balance ofPayment include which of the following:1. Trade in goods2. Invisible trade3. FDI4. Loans by World Bank and IMF5. Gifts6. Remittances7. Trade in services8. FII9. Transfer paymentsSelect the correct code:a)1, 2, 3, 5, 8 and 9b)1, 2, 5, 6, 7 and 9c)1, 2, 4, 6, 7 and 8d)1, 3, 5, 7, 8 and 9Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
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