Which of the following is NOT a component of the current account of India's balance of payments?
A. Merchandise trade
B. Invisibles (services, income, transfers)
C. Software exports
D. Foreign direct investment
Answer: Option D
Solution (By JKSSB Mock Tests)
Foreign direct investment is recorded in the capital account. Merchandise trade, services (including software), income and transfers form the current account.
Explanation:
Barter refers to exchange without money. Market structures based on competition are perfect competition, monopolistic competition, oligopoly and monopoly.
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