Question

Which of the following is not the component of Balance of Payment?

पर्याय

• Current Account

• Credit Account

• Capital Account

• Official International Reserve Account

Answer 1

Credit Account

Explanation:

Current account, capital account, and official international reserve account are the three components of the BoP Account. The BoP's current account records exports and imports of visible and invisible goods, as well as unilateral transfers. The BoP's Capital Account tracks capital transfers, such as loans and investments, between one country and the rest of the globe, resulting in a change in the inhabitants' or government's assets or liabilities. Foreign exchange reserves, gold reserves, and Special Depository Receipts are all included in the official international reserve account (SDRs).