New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which among the following is NOT a component of Current

    Account in Balance of Payment?
    A Import of pulses during high price in domestic market Correct Answer Incorrect Answer
    B Japan providing long term loan for bullet train Correct Answer Incorrect Answer
    C TCS exporting its IT services to USA Correct Answer Incorrect Answer
    D A father sending money to his son studying in a university in Australia Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Any kind of loan comes under the Capital Acount side of Balance of Payment. Interest payment of this loan comes under Current Account. Import and export of both goods and services always come under CA. A father sending money to his son studying in USA will also come under CA

    Practice Next