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Capital Account

Which one of ...

Question

Which one of the following items is not included in the current account of India's balance of payments?

A

Short-term commercial borrowings

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B

Non-monetary gold movements

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C

Investment income

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D

Transfer payments

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Solution

The correct option is A Short-term commercial borrowings
Short-term commercial borrowings are not included in the current account of the Balance of Payment(BoP) in India.

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