NextQ49

Read the following statements – Assertion (A) and Reason (R) carefully. Choose the correct option from those given below : Assertion (A) : Shipping service provided by an Indian company to foreign companies will be recorded in current account of Balance of Payments (BOP). Reason (R) : Current account of Balance of Payments (BOP) does not alter the status of the asset or liabilities of the residents of India.

Components of Current AccountStudy Simplify SpecialPYQ3SQ
Question 48

Distinguish between Current account and Capital account.

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