Civil Services UPSC CAPF (Assistant Commandants) Test Series 2025 General Knowledge Economy Money and Banking
Which of the following statements is correct regarding the Current Account of Balance of Payment?
1
It represents the trade in goods, services and assets between residents of a country with the rest of the world for a specified time.
2
The receipts from the exports of goods, services, investment income, and unilateral transfers are shown as negative items or credit in the current account.
3
The payments made for the import of goods, services, investment income sent abroad and unilateral payments are shown as positive items
4
Net Invisibles include services, transfers and flows of income that take place between different countries.