The Indian government imports 22 Rafael planes from France. In which sub-account and on which side of the Balance of Payments account this transaction will be recorded? Option 1: Current account on the debit side. Option 2: Current account on the credit side. Option 3: Capital account on the debit side. Option 4: Capital account on the credit side.

The answer is 'Current account on the debit side.'. View full solution:

CUET Economics - The Indian government imports 22 Rafael planes from France. In which sub-account and on which side of the Balance of Payments account this transaction will be recorded? | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Macro

Medium

Current account on the debit side.

Current account on the credit side.

Capital account on the debit side.

Capital account on the credit side.

✅ Correct Option: 1