Interest paid on loan taken from IMF will be recorded in ________ side of ________ account. Option 1: Credit, Current Option 2: Debit, Current Option 3: Credit, Capital Option 4: Debit, Capital

The answer is 'Debit, Current'. View full solution:

CUET Economics - Interest paid on loan taken from IMF will be recorded in ________ side of ________ account. | PYQs + Solutions

CUET Economics 2023 1 June Shift 1

Macro

Medium

Credit, Current

Debit, Current

Credit, Capital

Debit, Capital

✅ Correct Option: 2

Related questions:

28 May Shift 1

Which combination among the following represents a Geopolitical challenge in the economy.

A. Rise in inflation due to war and other natural calamities.

B. Fluctuation in economic benchmarks due to unstable government.

C. Impacting Balance of Payment due to economic sanctions on a country.

D. Failure of a firm led to a reduction in profit making.

30 May Shift 2

Arrange the following components as per the sample of Balance of Payments for India.

(A) Trade Balance.

(B) Net Invisibles.

(D) Errors and Omissions.

Choose the correct answer from the options given below:

3 June Shift 2

The value of elements of the balance of payments are given as:

Exports: $150$ million

Imports: $240$ million

Invisibles: $52$ million

Non-factor Services: $30$ million

Transfers: $32$ million

What is the current account balance?