Consider the following statements about India's Balance of Payments (Bo

• P : I.   The capital account of BoP records transactions involving cross-border transfer of ownership of fixed assets and non-produced, non-financial assets. II.  A current account deficit necessarily implies that a country is running a financial account surplus of equal magnitude, assuming no errors and omissions. III. Workers' remittances received from abroad are recorded under the primary income component of the current account. Which of the above statements are correct?