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Question

Which of the following are part of Current Account transaction of BoP?

A Import and export of commodities Correct Answer Incorrect Answer
B Import and export of services Correct Answer Incorrect Answer
C Interest payment on loans Correct Answer Incorrect Answer
D Remittance received by non-resident Indians Correct Answer Incorrect Answer
E All of the above Correct Answer Incorrect Answer

Solution

Current account includes import and export of goods and services, various income (interest on loan, dividend on investment etc) and various transfers (remittances, donations, gifts etc).

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