Consider the following statements about the Current Account of the balance of payments and indicate which are true.
(A) Current Account deficit equals the excess of imports over the sum of exports and net transfers received.
(B) A CAD may be covered by borrowing from foreigners.
(C) A CAD may be covered by buying assets from foreigners.
(D) If India's CAD in a period is 50 million.
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Consider the following statements about the Current Account of the balance of payments and indicate which are true. (A) Current Account deficit equals the excess of imports over the sum of exports and net transfers received. (B) A CAD may be covered by borrowing from foreigners. (C) A CAD may be covered by buying assets from foreigners. (D) If India's CAD in a period is 50 million, it can be financed by net capital inflows amounting to 50 million. Choose the correct answer from the options given below: (A) (A), (B), (C), (D) (B) (A), (B), (D) Only (C) (A), (C), (D) Only (D) (B), (C), (D) Only
Balance of payments and exchange rates has come up 120 times in 7 exams since 2007.
This question is on Balance of payments accounts and the current account, part of Balance of payments and exchange rates in International Economics.
How a country's transactions with the world are recorded.
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Question from the UGC-NET 2023 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.