Which of the following is not a component of current account: Option 1: Imports of machines Option 2: Trade in services Option 3: Grants received from a foreign government for rebuilding flood hit areas Option 4: Purchase of stock of a foreign company in London.

The answer is 'Purchase of stock of a foreign company in London.'. View full solution:

CUET Economics - Which of the following is not a component of current account: | PYQs + Solutions

CUET Economics

Macro

Medium

Imports of machines

Trade in services

Grants received from a foreign government for rebuilding flood hit areas

Purchase of stock of a foreign company in London.

✅ Correct Option: 4

Related questions:

28 May Shift 1

It is difficult to record all international transactions accurately. Thus, there is a third element of Balance of Payment (BoP) (apart from the current and capital accounts) which adjusts inaccuracies to some extent that is called:

Reserves Change
Overall Balance
Errors and Omissions
Other Flows

16 May Shift 1

Suppose the central bank of an economy records a net increase in the foreign exchange reserves for a given quarter. How will this be reflected in the balance of payments account of this economy?

3 June Shift 1

Which of the following statements is true?

If exchange rate changes from $1 = ₹85 to$ 1 = ₹90

(A) Imports will fall.

(B) Imports will rise.

(D) National income will rise.

Choose the correct answer from the options given below:

CUET Economics PYQs

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