Money sent home by Indians working in the Gulf countries is recorded in India's BoP as

a credit under transfers in the current accountCorrect answerYour answera debit in the capital accountCorrect answerYour answera credit in the capital accountCorrect answerYour answera debit under servicesCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Remittances are current transfers into India: a current account credit.

Concept: Remittances
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsThe current account

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Ten questions from Balance of Payments, at your own pace.

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Ten questions from Balance of Payments, at your own pace.

Practise this chapter All 53 questions in Balance of Payments Revise the notes for Balance of Payments

Money sent home by Indians working in the Gulf countries is recorded in India's BoP as

Explanation