Exams › IBPS PO › General Awareness › Balance of Payments
1 questions with worked solutions.
Q1. Which of the following is not accounted for in the capital account under the Balance of Payments?
Answer: Remittances and Grants
The capital account records capital transfers and transactions in non-produced, non-financial assets, along with investment flows. Remittances and grants are generally treated under the current account or current transfers, not the capital account.