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Preparing Financial Statements of NPO-II

Which one of ...

Question

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

A

Foreign travel

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B

Transportation

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C

Insurance

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D

Loans from foreign banks

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Solution

The correct option is D Loans from foreign banks
Loans from foreign banks are not a part of the 'invisible' on current account of the balance of payment.

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