Which of the following is included in the current account of the Balance of Payments? MCQ with Answer and Explanation

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Which of the following is included in the current account of the Balance of Payments?

A. Trade in goods and services

B. Foreign direct investment

C. NRI deposits

D. External commercial borrowing

Answer: Option A

Solution (By JKSSB Mock Tests)

The current account includes trade in goods and services, income and current transfers.

This question belongs to: Economy GK Economy Set 1

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In the context of global digital governance, the 'Digital Services Act' of the European Union focuses on:

A. Harmonised rules for intermediary services regarding content moderation, transparency and accountability

B. Only competition rules for gatekeepers

C. Only data-protection rules

D. Only e-commerce contract law

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Correct Answer: Option A

Explanation:
The Digital Services Act establishes a horizontal framework of due-diligence, transparency and accountability obligations for digital intermediary services, including online platforms, with respect to illegal content and systemic risks.

This question belongs to: Economy GK Economy Set 1