Question

Which among the following is not an account under Balance of Payment?
A) Current Account B) Capital Account C) Official Reserves Account D) Unilateral Payments Account

Answer 1

Explanation:

capital account

capital account is right answer

Answer 2

Answer:

OPTION (C) Official Reserves Account

Explanation:

• We know that the balance of payment is also commonly known as a balance of International payments.
• It is simply a record that contains all the economic transactions of a nation between its residents and around the globe.
• The official reserves account does not come under the balance of payments.
• This is because the official reserves account is basically a subdivision of the balance of payment.
• Both the current account and the capital account comes under the balance of payment.
• The nation's net trade in goods and services comes under the current account.
• The nation's transactions in financial instruments and the central bank reserves come under the capital account.

Final Answer:

OPTION (C) Official Reserves Account

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