Match List - I with List - II.
List - I | List - II
(A) Trade includes export and import of goods | (I) Capital Account
(B) Foreign Direct Investment | (II) Invisible Trade
(C) Net sale of service products like banking and tourism | (III) Transfer Payment
(D) The Receipts of payment without providing goods and services | (IV) Current Account
Choose the correct answer from the options given below :
Match List - I with List - II.
List - I | List - II
(A) Trade includes export and import of goods | (I) Capital Account
(B) Foreign Direct Investment | (II) Invisible Trade
(C) Net sale of service products like banking and tourism | (III) Transfer Payment
(D) The Receipts of payment without providing goods and services | (IV) Current Account
Choose the correct answer from the options given below :
Solution
Export and import of goods (visible trade) is recorded in the Current Account (IV). FDI is a Capital Account transaction (I). Net sale of services like banking and tourism is Invisible Trade (II). Receipts without quid pro quo are Transfer Payments (III). So A-IV, B-I, C-II, D-III.
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