Suppose a machine is shifted from India to the US. In which of these categories would this transaction fall under?

Current account

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Capital account

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Official Reserves Account

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None of the Above

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Solution

The correct option is A
Current account

This would be a part of the current account.

Suggest Corrections

List-I	List-II
(a) Current Account	(i) Official Capital
(b) Capital Account	(ii) Reserves from foreign countries
(c) Unilateral Payments	(iii) Reparations
(d) Official Statement Account	(iv) Visible and invisible exports and imports