1.

Distinguish between current account and capital account of balance of payments account. Mention any two transactions of capital account

Answer» Current account is the sum-total of the net balance of export and import and the net income & direct transfer. Capital account, on the other hand, is the sum-total of non-financial assets acquired/disposed of, insurance received from foreign insurance companies for catastrophic losses, and debt forgiveness.


Discussion

No Comment Found

Related InterviewSolutions