Which of the following is included in the capital account of India’s Balance of Payment ?
Banks’ overseas deposits are financial assets and belong to the capital account under the conventional broad classification of the balance of payments. Merchandise trade and…
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Which of the following is included in the capital account of India’s Balance of Payment ?
Answer and explanation
Correct answer B
Banks’ overseas deposits are financial assets and belong to the capital account under the conventional broad classification of the balance of payments. Merchandise trade and payments for insurance and hotel services belong to the current account.
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Maharashtra and Goa SET (MH SET)