Which one of the following is a part of current account of Balance of Payment ?
Unilateral transfers belong to the current account as transfers without a corresponding exchange of goods, services or financial assets. Direct investment, portfolio…
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Which one of the following is a part of current account of Balance of Payment ?
Answer and explanation
Correct answer D
Unilateral transfers belong to the current account as transfers without a corresponding exchange of goods, services or financial assets. Direct investment, portfolio investment and international borrowing are financial-account transactions.
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Rajasthan SET (RSET)