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UPSC CSE Prelims Balance of Payments & Trade Flashcards

Master 12 balance of payments & trade concepts for the UPSC CSE Prelims.

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Question

Identify the key components of the Current Account in the Balance of Payments.


The Current Account of the BoP consists of the Trade balance, , Primary income, and (such as remittances).

Question

Which of the following are components of the Capital Account in India's Balance of Payments?

  1. Foreign Direct Investment (FDI)
  2. Non-Resident Indian (NRI) Deposits
  3. Remittances from Indians working abroad

Select the correct answer:


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