UPSC Exam  >  UPSC Questions  >  Which of the following components are include... Start Learning for Free
Which of the following components are included in Transfer payment under Current Account of Balance of Payments?
1. Gifts
2. Remittances
3. Grants
4. Government aid
Select the correct answer using the code given below.
  • a)
    1, 2 and 3 only
  • b)
    2, 3 and 4 only
  • c)
    1, 3 and 4 only
  • d)
    1, 2, 3 and 4
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following components are included in Transfer payment und...
Transfer payments are the receipts which the residents of a country get for  ̳free‘, without having to provide any goods or services in return. They consist of gifts, remittances and grants. They could be given by the government or by private citizens living abroad. Transfer payment comes under the current account of Balance of Payments. Whereas, government aid comes under external assistance part of capital account. Hence, option (a) is the correct answer.
Explore Courses for UPSC exam

Top Courses for UPSC

Which of the following components are included in Transfer payment under Current Account of Balance of Payments?1. Gifts2. Remittances3. Grants4. Government aidSelect the correct answer using the code given below.a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'A'. Can you explain this answer?
Question Description
Which of the following components are included in Transfer payment under Current Account of Balance of Payments?1. Gifts2. Remittances3. Grants4. Government aidSelect the correct answer using the code given below.a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 3 and 4 onlyd)1, 2, 3 and 4Correct 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 Which of the following components are included in Transfer payment under Current Account of Balance of Payments?1. Gifts2. Remittances3. Grants4. Government aidSelect the correct answer using the code given below.a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 3 and 4 onlyd)1, 2, 3 and 4Correct 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 Which of the following components are included in Transfer payment under Current Account of Balance of Payments?1. Gifts2. Remittances3. Grants4. Government aidSelect the correct answer using the code given below.a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'A'. Can you explain this answer?.
Solutions for Which of the following components are included in Transfer payment under Current Account of Balance of Payments?1. Gifts2. Remittances3. Grants4. Government aidSelect the correct answer using the code given below.a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 3 and 4 onlyd)1, 2, 3 and 4Correct 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.
Here you can find the meaning of Which of the following components are included in Transfer payment under Current Account of Balance of Payments?1. Gifts2. Remittances3. Grants4. Government aidSelect the correct answer using the code given below.a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following components are included in Transfer payment under Current Account of Balance of Payments?1. Gifts2. Remittances3. Grants4. Government aidSelect the correct answer using the code given below.a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Which of the following components are included in Transfer payment under Current Account of Balance of Payments?1. Gifts2. Remittances3. Grants4. Government aidSelect the correct answer using the code given below.a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Which of the following components are included in Transfer payment under Current Account of Balance of Payments?1. Gifts2. Remittances3. Grants4. Government aidSelect the correct answer using the code given below.a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following components are included in Transfer payment under Current Account of Balance of Payments?1. Gifts2. Remittances3. Grants4. Government aidSelect the correct answer using the code given below.a)1, 2 and 3 onlyb)2, 3 and 4 onlyc)1, 3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev