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

Related questions:

3 June Shift 1

Which of the following statements is true?

If exchange rate changes from $1 = ₹85 to$ 1 = ₹90

(A) Imports will fall.

(B) Imports will rise.

(D) National income will rise.

Choose the correct answer from the options given below:

21 May Shift 1

Suppose that government bonds in country A pay 8 per cent rate of interest whereas equally safe bonds in country B yield 10 per cent. The interest rate differential is 2 per cent. Arrange the consequences of the same in sequential order.

(A) People will find investing in country B more attractive and will therefore demand less of country A's currency.

(B) Depreciation of country A's currency and an appreciation of country B's currency.

(C) Investors from country A will be attracted by the high interest rates in country B and will buy the currency of country B selling currency of country A.

(D) The demand curve for country A's currency will shift to the left and the supply curve will shift to the right.

Choose the correct answer from the options given below:

CUET Economics 2023 Slot 3

Which of the following are the components of current Account ?

(A) Trade in Services

(B) Trade in Goods

(D) External borrowings

(E) External Assistance

Choose the correct answer from the options given below :

CUET Economics 2025 21 May Shift 1 PYQs

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