Which of the following is NOT a component of Current Account in the Balance of Payments?
A. Unilateral transfers
B. Trade in services
C. Trade in goods
D. Foreign direct investment
Answer: Option D
Solution (By JKSSB Mock Tests)
Foreign direct investment is a component of the Capital Account. Current Account includes merchandise trade, invisibles (services), and unilateral transfers.
No comments yet. Be the first to start the discussion!