Gifts, remittances and grants in current account are the components of ? Option 1: Transfer Payments. Option 2: Net Factor Income. Option 3: Trade in Goods. Option 4: Net Non-factor Income.

The answer is 'Transfer Payments.'. View full solution:

CUET Economics - Gifts, remittances and grants in current account are the components of ? | PYQs + Solutions

CUET Economics 2025 30 May Shift 2

Macro

Easy

Transfer Payments.

Net Factor Income.

Trade in Goods.

Net Non-factor Income.

✅ Correct Option: 1

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