Question
Which of the following is a component of Current
Account of Balance of Payment?Solution
Interest payment on loan comes under Current Account but loan itself (principle) comes under Capital Account. Current account- Export and imports of both goods and service, income from profit, interest and dividend, remittances, donation, gifts Capital Account- investment (FDI, FPI), Loan (Sovereign loan or External Commercial Borrowing), NRI accounts (FCNR) ECB or External Commercial Borrowing allows companies to raise capital from abroad in foreign currency. It is also a kind of loan and written under Capital Account.Â
Who wrote the book titled "Made in India: 75 Years of Business and Enterprise"?
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(ii) Social refo...
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Consider the following statements concerning United Arab Emirates:
1. Oman is one of the seven Emirates which form the United Arab Emirates.
The 'Energy Transition Index' is released by
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I.        Sukanya Samriddhi Account can be ope...
