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UPSC CSE Prelims BoP Accounts, Money Market Instruments & Banking Categories Flashcards

Master 11 bop accounts, money market instruments & banking categories concepts for the UPSC CSE Prelims.

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Question

Identify the primary components of the Balance of Payments (BoP) Current Account:


The Current Account records trade in , trade in , primary income (e.g., investment income), and (e.g., remittances).

Question

Which of the following are classified under the Capital Account of the Balance of Payments?

  1. Foreign Direct Investment (FDI)
  2. Remittances from abroad
  3. External Commercial Borrowings (ECBs)
  4. Trade in software services

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