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12th Class Economics Financial Market / वित्तीय बाजार Question Bank MCQs - Balance of Payments

  • question_answer
    During the outbreak of the second wave of Covid-19 in the country, India received medical equipments from many countries. On which account and which side it will be recorded?

    A) Capital account, credit side

    B) Current account, credit side

    C) Capital account, debit side

    D) Current account, debit side

    Correct Answer: B

    Solution :

    The given is an example of uni-lateral transfers received. So, it will be recorded on the credit side of current account of BoP.


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