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      Question

      Which of the following statement/statements

      is/are incorrect? Remittances to India are primarily sent from Gulf Cooperation Council (GCC) countries, as well as the United States of America and the United Kingdom.  Remittances are accounted as part of capital account.
      A I only Correct Answer Incorrect Answer
      B II only Correct Answer Incorrect Answer
      C Both are incorrect Correct Answer Incorrect Answer
      D None of the above Correct Answer Incorrect Answer

      Solution

      Remittances are accounted as part of Current account.

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