2. Questions Bank
  3. 12th Class
  4. Economics
  5. Financial Market / वित्तीय बाजार

12th Class Economics Financial Market / वित्तीय बाजार Question Bank MCQs - Balance of Payments

  • question_answer
    An Indian real estate company receives rent from Google in New York. This transaction would be recorded o ......... side of ......... account.

    A) credit, current

    B) debit, capital

    C) credit, capital

    D) debit, current

    Correct Answer: A

    Solution :

    As the rent is received, so, it is an inflow of currency and considered as a credit item. Also, rent does not impact the assets or liabilities of the country thus, it is recorded in current account of BoP.


You need to login to perform this action.
You will be redirected in 3 sec spinner