Which of the following is not included in the current account of the Balance of Payment ?
A bank's overseas deposits are financial assets and are recorded in the financial account. Insurance services, government services not included elsewhere and current…
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Which of the following is not included in the current account of the Balance of Payment ?
Answer and explanation
Correct answer D
A bank's overseas deposits are financial assets and are recorded in the financial account. Insurance services, government services not included elsewhere and current transfers belong to the current account.
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Maharashtra and Goa SET (MH SET)