Question

Consider the following statements :

1. FII and FDI form a part of current account
2. Foreign Loans form a part of capital account

Which of the above are correct?

• A.
  1 only
• B.
  2 only
• C.
  Both 1 and 2
• D.
  None of the above

Answer 1

The correct option is B

2 only
FII, FDI and Foreign loans taken by the GoI form a part of capital account.