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The balance of payments includes both the current account and capital account. Consider the following statements regarding this
  1. The current account includes a nation’s net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments.
  2. The capital account is included in calculations of national output, while the current account is not.
Which of the above statements is/are correct?
  • a)
    1 only 
  • b)
    2 only 
  • c)
    Both 1 and 2 
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
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The balance of payments includes both the current account and capital account. Consider the following statements regarding this The current account includes a nation’s net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments. The capital account is included in calculations of national output, while the current account is not.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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The balance of payments includes both the current account and capital account. Consider the following statements regarding this The current account includes a nation’s net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments. The capital account is included in calculations of national output, while the current account is not.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 balance of payments includes both the current account and capital account. Consider the following statements regarding this The current account includes a nation’s net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments. The capital account is included in calculations of national output, while the current account is not.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 balance of payments includes both the current account and capital account. Consider the following statements regarding this The current account includes a nation’s net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments. The capital account is included in calculations of national output, while the current account is not.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
Solutions for The balance of payments includes both the current account and capital account. Consider the following statements regarding this The current account includes a nation’s net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments. The capital account is included in calculations of national output, while the current account is not.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
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