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CUET Economics 2023 PYQs30 May Shift 1. Free, no login required.

Macro

past year questions, CUET Economics 2023 30 May Shift 1

Balance of Payments

past year questions, Macro, CUET Economics 2023 30 May Shift 1

Medium

Which of the following are the components of current Account ?

(A) Trade in Services

(B) Trade in Goods

(C) Investment

(D) External borrowings

(E) External Assistance

Choose the correct answer from the options given below :

Solution

✅ Correct Option: 4

The Current Account records trade in goods (merchandise), trade in services (invisibles), net income from abroad, and current transfers. Investment, external borrowings and external assistance are capital flows and fall under Capital Account. Hence only Trade in Services (A) and Trade in Goods (B) are components of current account.

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