MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Credit Creation

In balance of...

Question

In balance of payments, repayment of loans by Indian government to Japanese Government will be reflected as credit item.

A

True

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

False

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is B False
It will be reflected as debit item as it leads to outflow of foreign exchange.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Process of loan repayment by installment payments is classified as

Q42. Revenue expenditure of the government of India includes

i) Grants given to state governments

ii) Various subsides

iii) Repayment of loans

iv) Interest payments

Choose the correct answer

Q. Identify the following as revenue expenditure and capital expenditure. Give reasons.
(i) Salary paid to Army officers.
(ii) Purchase of Metro coaches from Japan.
(iii) Repayment of Loan taken from World Bank.
(iv) Grants given by central government to state Government.
(v) Loan given to Union Territories.
(vi) Interest paid on National Debt
(vii) Expenditure on construction of Metro. (viii) Pension paid to retired Government employees.
(ix) 10% shares purchased by the Government in a private company.

Q. Kisan Credit Card was launched by Indian Government to facilitate the short-term loan and cash delivery to farmers. Which one of the following agencies is not included in the operation of the Kisan Credit Cards?

Q. Classify weather the following transactions will be recorded in current account or capital account.
(i) Purchase of shares of Reliance by Microsoft.
(ii) Imports of computer spare from Germany.
(iii) Borrowings from World Bank
(iv) Repayment of loan by Indian Government take from Japan.
(v) Gifts received from a relative in America.
(vi) Purchase of Land in England
(vii) Shipping service by an Indian company to a foreign company.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Credit Creation

ECONOMICS

Watch in App

explore_more_icon

Explore more

Credit Creation

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon