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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 incorrect?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
The balance of payments includes both the current account and capital ...
's exports and imports of goods and services, as well as income from investments and transfers.
The capital account includes inflows and outflows of capital, such as foreign direct investment, portfolio investment, and loans.
Both the current account and capital account are components of a country's balance of payments, which measures its economic transactions with the rest of the world.
The balance of payments is an important indicator of a country's economic health and its interactions with the global economy.
A surplus in the current account indicates that a country is exporting more than it is importing, while a deficit indicates the opposite.
A surplus in the capital account indicates that a country is receiving more capital inflows than it is sending out, while a deficit indicates the opposite.
The balance of payments is influenced by factors such as exchange rates, trade policies, and capital flows.
A country's balance of payments can have implications for its currency value, interest rates, and overall economic stability.
The capital account includes inflows and outflows of capital, such as foreign direct investment, portfolio investment, and loans.
Both the current account and capital account are components of a country's balance of payments, which measures its economic transactions with the rest of the world.
The balance of payments is an important indicator of a country's economic health and its interactions with the global economy.
A surplus in the current account indicates that a country is exporting more than it is importing, while a deficit indicates the opposite.
A surplus in the capital account indicates that a country is receiving more capital inflows than it is sending out, while a deficit indicates the opposite.
The balance of payments is influenced by factors such as exchange rates, trade policies, and capital flows.
A country's balance of payments can have implications for its currency value, interest rates, and overall economic stability.
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Community Answer
The balance of payments includes both the current account and capital ...
- The balance of payments divides transactions into two accounts: the current account and the capital account. The current account includes transactions in goods, services, investment income, and current transfers.
- The capital account, broadly defined, includes transactions in financial instruments and central bank reserves.
- The current account is included in calculations of national output, while the capital account is not.
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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 incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 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 incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 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 incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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 incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 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 incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 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 incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 incorrect?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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