Which of the following is NOT recorded in the capital account of the Balance of Payments? MCQ with Answer and Explanation

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Which of the following is NOT recorded in the capital account of the Balance of Payments?

A. External commercial borrowing

B. FPI

C. Export of goods

D. FDI

Answer: Option C

Solution (By JKSSB Mock Tests)

Export of goods is recorded in the current account, not the capital account.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on hotel rooms with tariff below Rs 1,000 is:

A. 5%

B. 0%

C. 18%

D. 12%

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Correct Answer: Option B

Explanation:
Hotel rooms below Rs 1,000 tariff are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on e-commerce operators is:

A. not applicable

B. only 18%

C. they collect tax at source

D. only 5%

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Correct Answer: Option C

Explanation:
E-commerce operators collect tax at source under GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST' is a value-added tax because:

A. input tax credit is available

B. it is levied on turnover

C. it is a direct tax

D. it is collected at source

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Correct Answer: Option A

Explanation:
GST is a value-added tax because input tax credit avoids cascading.

This question belongs to: Economy GK Economy Set 1

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