WBCS.LIVE practice question

Which one of the following items is not included in the current account of India’s Balance of Payments?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Short-Term Commercial Borrowings
  2. Non-Monetary Gold Movements
  3. Investment Income
  4. Transfer Payments

Correct answer and explanation

Correct answer: Non-Monetary Gold Movements