Which of the following is not a component of balance of payment account ?
The Balance of Payments (BoP) comprises the Current Account (including Trade Balance and Invisibles) and the Capital/Financial Account; 'Revenue account balance' is part of…
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Which of the following is not a component of balance of payment account ?
Answer and explanation
Correct answer C
The Balance of Payments (BoP) comprises the Current Account (including Trade Balance and Invisibles) and the Capital/Financial Account; 'Revenue account balance' is part of the government budget, not the BoP.
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